Brief: OMV Petrom Q3 Net Profit At 1.30 Billion Lei, Down 19% YoY

OMV Petrom SA

29/10/2024 06:06

Oct 29 (Reuters) - OMV AG  OMVV.VI :
    * Q3 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS AT 1.30 BILLION
LEI
VERSUS PROFIT OF 1.60 BILLION LEI YEAR AGO
    * Q3 CLEAN CCS OPERATING RESULT OF 1.63 BILLION LEI VERSUS
2.53
BILLION LEI YEAR AGO
    * Q3 GAS SALES VOLUMES LOWER AT 10.2 TWH IN THE CONTEXT OF
HIGH
STORAGE OBLIGATION AND REDUCED SALES OPPORTUNITIES
    * FOR FY 2024 SEES THE AVERAGE BRENT OIL PRICE TO BE BETWEEN
$80/BBL AND $85/BBL VERSUS $82.6/BBL IN 2023
    * FOR FY 2024 SEES REFINING MARGIN AT $9/BBL VERSUS $14/BBL
IN
2023
    * SEES DEMAND FOR RETAIL FUELS IN 2024 IN ROMANIA ABOVE THE
2023
LEVEL
    * SEES DEMAND FOR GAS AND POWER IN ROMANIA IN 2024 STABLE
YOY
    * SEES TOTAL GAS SALES VOLUMES IN 2024 LOWER YOY MAINLY ON
LOWER
SUPPLY AND TRADING OPPORTUNITIES
    * SEES NET ELECTRICAL OUTPUT IN 2024 HIGHER YOY REFLECTING A
SHORTER BRAZIL POWER PLANT PLANNED OUTAGE


Further company coverage:  OMVV.VI 

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