OMV Aktiengesellschaft (OMV)

Overview

OMV Aktiengesellschaft, headquartered in Vienna, Austria, is a multifaceted energy and chemicals company with a global footprint spanning from Austria, Germany, and Romania to the Middle East, New Zealand, and the Asia Pacific region. Founded in 1956, OMV has developed into a key player in the energy sector, operating through three primary segments: Chemicals & Materials, Fuels & Feedstock, and Energy. The company's diverse operations include the exploration, production, refining, and marketing of oil and gas, alongside the trading, logistics, and storage of gas. Additionally, OMV takes significant strides in the arena of chemicals, focusing on advanced polyolefin solutions, base chemicals, and plastic recycling, underlining its commitment to sustainability and innovation in the energy and chemical industries.

Products and Services

OMV Aktiengesellschaft offers a wide range of products and services tailored for the energy and chemical markets:

• Oil and Gas Exploration and Production: OMV engages in searching for, developing, and producing oil and gas reserves, with operations concentrated in Central and Eastern Europe, the Middle East and Africa, the North Sea, and the Asia Pacific. This core aspect of their business supplies the raw materials critical for their other operations and the global energy market.
• Fuels and Feedstock Refining and Marketing: The company processes crude oil into a variety of fuel products and feedstock for industrial use. OMV operates refineries in Europe which include Schwechat and Burghausen, ensuring a robust supply chain for its refined products. In addition to producing fuel, OMV markets and sells these products across different regions, maintaining an extensive network of filling stations across eight European countries.
• Gas Supply, Marketing, Trading, and Logistics: OMV is a significant player in the gas market, handling the supply, marketing, and trading of gas, particularly in Romania and Turkey. The company also manages logistics, ensuring the efficient transportation and storage of gas with facilities in Austria and Germany, and operates a gas-fired power plant in Romania, reflecting its integrated approach in the energy sector.
• Chemicals and Materials: In the chemicals sector, OMV focuses on delivering advanced and circular polyolefin solutions and base chemicals. The company is also engaged in the recycling of plastics, highlighting its commitment to sustainability and the circular economy. This segment leverages OMV's expertise in chemical engineering to provide innovative materials and solutions conducive to a wide range of industries.