OMV is back on the road to success! In just 3 years, the portfolio was restructured, costs were reduced, production increased and performance improved. In 2017, the company achieved its best clean CCS operating result in half a decade.
The OMV Strategy 2025 builds on these achievements. We aim to strengthen our successful business model of integrated production, processing and marketing of oil and gas in Europe by 2025, and to expand internationally.
OMV’s energy is needed. As the world’s population grows, so too does global demand for energy, oil and gas.
OMV will therefore continue to develop the size and value of its upstream portfolio. We will produce more oil and gas, double reserves and keep costs down.
The geographical focus lies on the core regions of Central and Eastern Europe, the North Sea, Russia, the Middle East and Africa. With Australasia, a further core region is being established.
OMV Downstream will strengthen its competitive position in Europe. To produce more and higher quality petrochemical products and aviation fuels, OMV will further invest in the Schwechat, Burghausen and Petrobrazi refineries. The market position in the gas business will be further developed.
OMV intends to benefit from the growing demand in the Middle East and Asia for further growth. We also plan to expand OMV’s refinery business through acquisitions. Refinery capacities are to be almost doubled in the long term.
The principles of financial management remain unchanged: a solid financial basis, attractive returns for shareholders and the maintenance of a strong credit rating.
OMV thus becomes bigger and more valuable. That’s how we will continue to provide the energy for a better life.
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