Austria's OMV Q2 revenue rises 39%, operating result up 65%

OMV Aktiengesellschaft

31/07/2026 06:20

Overview
Austria energy and chemicals firm's Q2 revenue rose 39% yr/yr to €8.06 bln
Clean CCS Operating Result up 65% yr/yr, clean CCS EPS up 142% to €3.85
Results driven by higher E&P, refining margins, and Borouge International contribution

Outlook
OMV projects 2026 organic CAPEX at around €3.4 bln
Company expects 2026 average Brent price between $85/bbl and $95/bbl
OMV forecasts 2026 hydrocarbon production between 280 kboe/d and 290 kboe/d, subject to Strait of Hormuz restrictions

Result Drivers
EXPLORATION & PRODUCTION - Energy segment result rose on positive market effects, offsetting lower hydrocarbon production due to Middle East conflict
REFINING MARGINS & UTILIZATION - Fuels segment benefited from higher refining margins, better production mix, and increased refinery utilization rate, partly offset by regulatory measures and higher crude surcharges
CHEMICALS PRICES & BOROUGE - Chemicals segment result more than doubled on higher olefins and polyolefins prices and Borouge International contribution

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Clean CSS EPS
 
EUR 3.85
 
Q2 Clean CCS Net Income
 
EUR 929 mln
 
Q2 Clean CCS Operating Result
 
EUR 1.70 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and 8 "sell" or "strong sell"
The average consensus recommendation for the integrated oil & gas peer group is "buy."
Wall Street's median 12-month price target for OMV AG is €60.50, about 4.6% below its July 30 closing price of €63.45
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
July 31 - Austria's OMV reports Q2 operating profit ahead of expectations
July 29 - Eni increases buyback as second-quarter profit hits 3-yr high
July 30 - Valero Energy tops Q2 revenue, profit estimates as refining margins improve 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)