OMV AG/€OMV

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About OMV AG

OMV AG is an integrated oil and gas company involved in the exploration, production, refining, and marketing of oil and gas, as well as providing chemical solutions. Headquartered in Vienna, Austria, OMV operates in three primary segments: upstream, covering exploration and production activities; downstream, including refining and marketing of petroleum products; and its chemicals business, mainly through the subsidiary Borealis. The company's geographic footprint extends across Europe, the Middle East, Africa, and Asia-Pacific. OMV's strategic strengths lie in its integrated business model and its position in both the energy and chemicals markets, which allows for diverse revenue streams and risk mitigation in volatile markets. Founded in 1956, OMV has evolved through strategic acquisitions and joint ventures to enhance its operational capabilities and expand its global presence.
Ticker
€OMV
Sector
Energy
Primary listing
VSE
Employees
15,936
Headquarters
Vienna, Austria

OMV AG Metrics

BasicAdvanced
€24B
8.98
€8.09
0.23
€4.40
4.34%

Bulls say / Bears say

In Q2 2026 OMV delivered a clean CCS operating result of €1.71 billion, up 65% year-on-year and above the consensus forecast of €1.66 billion, demonstrating strong operational execution amid volatile markets (Reuters).
The chemicals segment nearly doubled its Q2 operating profit to €429 million, driven by higher olefin prices and synergies from the newly merged Borouge International joint venture, highlighting the value of OMV’s integrated chemicals platform (Reuters).
The planned combination of Borealis and Borouge into Borouge International is expected to generate a minimum annual dividend of USD 1 billion for OMV, underpinning future free cash flow and supporting dividend coverage despite weaker upstream prices (Reuters).
Management forecasts for 2026 assume an average Brent-oil price of USD 65/bbl (down from USD 69 in 2025) and a realized gas price below EUR 30/MWh (down from EUR 30/MWh in 2025), signaling pressure on OMV’s upstream margins and overall profitability (Reuters).
The escalating Middle East conflict in Q1 2026 disrupted shipping routes and led to production outages, contributing to a greater than 20% decline in the energy segment’s operating result and a 7% drop in overall production, underscoring OMV’s exposure to geopolitical risks (Reuters).
A €1.5 billion equity injection into the Borouge International joint venture in Q1 2026 drove net debt 40% higher year-on-year to €4.5 billion, increasing leverage and straining the balance sheet amid elevated capex requirements (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 5 Sept 2026.

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