REG - OMV Petrom S.A. - Q1/20 Trading Update Key Performance Indicators

OMV Petrom SAAnnouncement

08/04/2020 07:00

RNS Number : 1836J
  
OMV Petrom S.A.
  
08 April 2020
  
 

 
OMV Petrom S.A.
Investor News
April 8, 2020 / 8:30am (local time), 7:30am (CEST), 6:30am (BST)
 
 
Q1/20 Trading Update Key Performance Indicators
 
 
This trading update provides basic provisional information on the economic environment as well as OMV Petrom Group's key performance indicators for the quarter ended March 31, 2020. The OMV Petrom Group's results for Q1/20 will be published on April 29, 2020. The information contained in this trading update may be subject to change and may differ from the final numbers of the quarterly report. 
 
 




Economic environment


 Q1/19 


 Q2/19 


 Q3/19 


 Q4/19 


 Q1/20 




 Average Brent price (USD/bbl) 


63.13


68.86


62.00 


63.08


50.10




 Average Urals price (USD/bbl) 


63.42


68.82


61.95


62.80


48.10




 Average USD/RON FX-rate 


4.169


4.225


4.255


4.305


4.352




 Average EUR/RON FX-rate 


4.735


4.748


4.732


4.766


4.797




 Source: Reuters/Platts, NBR 
 


 


 


 


 


 




Upstream 


Q1/19 


Q2/19 


Q3/19 


Q4/19 


Q1/20 




 Total hydrocarbon production (kboe/d) 


153


151


150


152


150




   thereof crude oil and NGL production (kboe/d) 


71


72


71


72


72




   thereof natural gas production (kboe/d) 


82


79


79


80


79




 Total hydrocarbon sales volume (kboe/d) 


142.8


142.8


142.2


143.1


141.4




   thereof crude oil and NGL sales volume (kboe/d)* 


74.4


75.3


74.3


75.2


73.9




   thereof natural gas sales volume (kboe/d) 


68.3


67.5


67.9


67.9


67.6




 Average realized crude price (USD/bbl) 


55.66


60.26


53.99


54.45


40.60




* Includes sales of liquids obtained from separation and processing of rich natural gas; rich natural gas production is included under natural gas production above.




 
 
 


 


 


 


 


 




Downstream Oil 


Q1/19


Q2/19


Q3/19


Q4/19


Q1/20




 Indicator refining margin (USD/bbl)** 


3.62


3.85


6.46


4.68


6.75




 Refinery utilization rate (%) 


96


94


99


98


96




 Total refined product sales (mn t) 


1.18


1.39


1.49


1.41


1.20




** The actual refining margins realized by OMV Petrom may vary from the indicator refining margin due to different crude slate, product yield and operating conditions.
 




 


 


 


 


 


 




Downstream Gas 


Q1/19 


Q2/19 


Q3/19 


Q4/19 


Q1/20 




 Gas sales volumes to third parties (TWh) 


9.79


9.11


11.22


17.11


16.08




 Net electrical output (TWh) 


1.08


0.05


1.00


1.26


1.12




 
 
The lower oil prices and the COVID-19 crisis had a negative impact on Q1/20 Group performance. 
Towards the end of the quarter, retail fuel sales dropped sharply by more than 30% and the refinery utilization rate was adjusted to slightly above 80%. 
  
 
 
Contact details:
OMV Petrom Investor Relations
Tel: +40 372 161 930; Fax: +40 372 868 518

E-mail: investor.relations.petrom@petrom.com
  
Disclaimer regarding forward-looking statements 
This report may contain forward-looking statements. These statements reflect the Company's current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project", "target", "may", "will", "would", "could" or "should" or similar terminology. By their nature, forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control that could cause the Company's actual results and performance to differ materially from any expected future results or performance expressed or implied by any forward-looking statements. 
None of the future projections, expectations, estimates or prospects in this report should in particular be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information and statements contained herein are accurate or complete. 
As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these forward-looking statements as a prediction of actual results or otherwise. This report does not purport to contain all information that may be necessary in respect of the Company or its shares and, in any event, each person receiving this report needs to make an independent assessment. The Company undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this report that may occur due to any change in its expectations or to reflect events or circumstances after the date of this report.
 
 
 
 


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