OMV AKTIENGESELLSCHAFT /FI Business Summary

OMV Aktiengesellschaft (OMVKY) is a vertically integrated energy and chemicals giant that generates revenue through three primary segments: Energy, Fuels & Feedstock, and Chemicals. The Energy segment drives value through the exploration and production of oil and gas across Europe, the Middle East, and Africa, while the Fuels & Feedstock division refines crude into high-quality fuels and bitumen, distributed via a network of approximately 1,700 filling stations. The Chemicals segment, bolstered by its majority stake in Borealis, focuses on the production of base chemicals and circular polyolefin solutions for the automotive and packaging industries. OMV competes directly with European supermajors such as BP, Shell, Eni, and Repsol, positioning itself as a dominant regional leader in Central and Eastern Europe with a strategic pivot toward sustainable chemical production and plastics recycling to mitigate long-term hydrocarbon volatility. Founded in 1956 as a state-owned enterprise to manage Austria’s oil assets, OMV is currently led by CEO Alfred Stern, a materials science expert and former Borealis CEO who joined the executive board in 2021 to spearhead the company’s green transformation. He is supported by CFO Reinhard Florey, who brings extensive industrial finance experience from ThyssenKrupp and Outokumpu, and Berislav Gašo, the Executive Vice President of Energy. The leadership team is overseen by a supervisory board chaired by Lutz Feldmann, with significant representation from major shareholders including the Austrian state-holding company ÖBAG (31.5%) and the Abu Dhabi National Oil Company (ADNOC), which holds a 24.9% stake. This strategic partnership with ADNOC is central to OMV’s global expansion and its ongoing integration with petrochemical subsidiaries like Borouge and Nova Chemicals.