Brief: OMV Petrom Q3 Net Profit Attributable To Shareholders At 1.60 Billion Lei

OMV Petrom SA

31/10/2023 06:05

Oct 31 (Reuters) - OMV Petrom SA  ROSNP.BX :
    * Q3 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS AT 1.60 BILLION
LEI
VERSUS PROFIT OF 4.51 BILLION LEI YEAR AGO
    * Q3 CLEAN CCS OPERATING RESULT OF 2.53 BILLION LEI VERSUS
4.23
BILLION LEI YEAR AGO
    * Q3 GAS SALES VOLUMES UP 24% YOY
    * FOR FY 2023 SEES THE AVERAGE BRENT OIL PRICE TO BE ABOVE
$80/BBL
VERSUS $101/BBL IN 2022
    * FOR FY 2023 SEES REFINING MARGIN BETWEEN $12-14 BBL VERSUS
$16.6/BBL IN 2022
    * SEES DEMAND FOR DEMAND FOR GAS AND POWER TO BE
SIGNIFICANTLY
LOWER COMPARED TO 2022
    * SEES TOTAL GAS SALES VOLUMES IN 2023 TO BE LOWER YOY
MAINLY ON
LOWER SUPPLY AND DEPRESSED DEMAND
    * SEES NET ELECTRICAL OUTPUT IN 2023 LOWER YOY REFLECTING
THE
BRAZI POWER PLANT OUTAGE
    * CAPEX IS ANTICIPATED TO BE UP TO 5.5 BILLION IN 2023


Further company coverage:  ROSNP.BX 

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