OMV

OMV and the Libyan NOC classify the OMV‑operated Essar well in the Sirte Basin as commercial. The reservoir contains an estimated up to 45 million recoverable barrels of oil and is expected to produce about 6,000 barrels per day gross after full development. Proximity to existing infrastructure allows accelerated and cost‑efficient development, strengthening OMV’s upstream growth strategy in North Africa. » More on finanzen.net

OMV shares hit a new record high but remain attractively valued with a P/E of around 8 and offer a dividend yield of over six percent. In Q2 2026, the CCS-adjusted operating result before special items rose to EUR 1.706 billion, with operating cash flow of EUR 1.315 billion and a leverage ratio of 19%. Drivers were higher oil prices and exploration proceeds, sharply improved refining margins, and the recovery and restructuring of the chemicals division, including the new global polyolefin platform. The integrated business structure across upstream, gas marketing, refineries, retail and chemicals makes OMV resilient in a volatile market. » More on deraktionaer.de

OMV reported an adjusted operating profit of €2.7 billion for the first half, up from €2.2 billion a year earlier, supported by a 53% higher Brent price and sharply increased refining margins. CEO Alfred Stern warned of ongoing disruptions in supply chains and additional costs from production outages and regulatory interventions in the Middle East. Gas flows in Central Europe have shifted: increased inflows from Germany to Austria and outflows to the east; domestic production in Wittau is expected to increase output by 50%. Another milestone is the Neptun Deep project in Romania, slated to start in 2027 and to cover 2.5–3% of European gas demand; the decline in headcount is largely explained by the deconsolidation of Borealis. » More on faz.net