OMV Global

OMV Group Report January – December and Q4 2022

including preliminary consolidated financial statements as of December 31, 2022


Key Performance Indicators


  • Clean CCS Operating Result grew slightly to EUR 2,101 mn, due to better performance in Refining & Marketing and Exploration & Production  
  • Clean CCS net income attributable to stockholders of the parent decreased to EUR 700 mn; clean CCS Earnings Per Share were EUR 2.14
  • Cash flow from operating activities excluding net working capital effects decreased to EUR 1,233 mn
  • Organic free cash flow before dividends totaled EUR 534 mn
  • Clean CCS ROACE stood at 19%
  • Total Recordable Injury Rate (TRIR) was 1.23
  • Regular dividend per share of EUR 2.80 proposed2, up 22% compared to the previous year. In addition, special dividend of EUR 2.25 proposed2 

Chemicals & Materials

  • Polyethylene indicator margin Europe declined to EUR 370/t, polypropylene indicator margin Europe decreased to EUR 398/t
  • Polyolefin sales volumes lessened to 1.42 mn t

Refining & Marketing

  • OMV refining indicator margin Europe grew sharply to USD 17.5/bbl3
  • Fuels and other sales volumes Europe decreased marginally to 4.33 mn t

Exploration & Production4

  • Production decreased by 106 kboe/d to 385 kboe/d, mainly due to the change in the consolidation method of Russian operations 
  • Production cost increased by 43% to USD 9.1/boe

Key events

1 Figures reflect the Q4/22 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.
2 As proposed by the Executive Board, subject to review by the Supervisory Board; subject to approval by the Annual General Meeting 2023
3 As of Q2/22, the refining indicator margin reflects the change in the crude oil reference price from Urals to Brent at OMV Petrom. 
4 As of March 1, 2022, Russian operations are no longer included in Group operational KPIs, Operating Results, or cash flows.