Romanian OMV Petrom aims to distribute total dividends of 40-70% of operating cash flow by 2030

OMV Petrom SA

19/06/2024 06:44

BUCHAREST, June 19 (Reuters) - Romanian oil and gas
group OMV Petrom  ROSNP.BX  said on Wednesday it has updated its
distribution guidance for total dividends to between 40% and 70%
of operating cash flow each year until 2030. 
    The company has also updated its 2030 investment strategy,
saying it aims to develop over 2.5 gigawatts of renewable power
capacity by 2030 either alone or in partnerships, with a net
electrical output of 4.7 TWH. 

 (Reporting by Luiza Ilie; Editing by Kim Coghill)
 ((luiza.ilie@thomsonreuters.com; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))