OMV AG (1OMV)

Overview

OMV Aktiengesellschaft stands as a prominent energy and chemicals company with a global presence, extending its operations across Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, Central and Eastern Europe, and other parts of Europe and the world. With its inception in 1956, OMV has rooted its headquarters in Vienna, Austria, and has developed into a diversified entity operating through three main segments: Chemicals & Materials, Fuels & Feedstock, and Energy. The company's activities span from exploration and production of oil and gas to refining, marketing, supply, and logistics of gas, along with the production of advanced polyolefin solutions, base chemicals, and the recycling of plastics, underscoring its commitment to energy provision and chemical manufacturing on a global scale.

Products and Services

• Oil and Gas Exploration and Production: OMV engages in finding, developing, and producing oil and gas reserves, focusing on regions such as Central and Eastern Europe, the Middle East and Africa, the North Sea, and the Asia Pacific. This operation underscores the company's role in securing energy supplies internationally.
• Refining and Marketing of Fuels and Feedstock: The company processes crude oil into a variety of fuel products and feedstock for industrial use. It also handles the marketing of these products, ensuring a reliable supply to various segments of the economy. This includes operating refineries in Europe, notably in Schwechat and Burghausen, and distributing products through filling stations in eight European countries.
• Gas Supply, Marketing, Trading, and Logistics: Specifically focusing on Romania and Turkey, OMV plays a critical role in the supply chain of natural gas, from sourcing and trading to marketing and logistical support, contributing to the stability of regional energy markets.
• Advanced and Circular Polyolefin Solutions: In response to the growing demand for sustainable materials, OMV invests in producing advanced polyolefin solutions that support the circular economy through recyclability and reduced environmental footprint.
• Base Chemicals Production: OMV manufactures essential base chemicals that serve as foundational ingredients for a broad range of industrial and consumer goods, showcasing its integral role in the chemical sector.
• Plastics Recycling: Emphasizing its commitment to sustainability, the company also engages in the recycling of plastics. This effort not only contributes to environmental protection but also aligns with the global shift towards circular economic models.
• Energy Infrastructure: OMV owns and operates critical infrastructure, including gas storage facilities in Austria and Germany and a gas-fired power plant in Romania. These assets are pivotal in ensuring energy security and operational efficiency within the regions they serve.