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OMV Global

OMV Group Report January–March 2023

including condensed consolidated interim financial statements as of March 31, 2023

Key Performance Indicators


  • Clean CCS Operating Result decreased to EUR 2,079 mn due to a lower contribution from Chemicals & Materials and Energy, partly offset by a higher Fuels & Feedstock result 
  • Clean CCS net income attributable to stockholders of the parent decreased slightly to EUR 1,025 mn; clean CCS Earnings Per Share were EUR 3.13
  • Cash flow from operating activities excluding net working capital effects decreased to EUR 2,003 mn
  • Organic free cash flow before dividends totaled EUR 1,839 mn
  • Clean CCS ROACE stood at 19%
  • Total Recordable Injury Rate (TRIR) was 1.30

Chemicals & Materials

  • Polyethylene indicator margin Europe declined to EUR 348/t, polypropylene indicator margin Europe decreased to EUR 395/t
  • Polyolefin sales volumes lessened to 1.41 mn t

Fuels & Feedstock

  • OMV refining indicator margin Europe grew sharply to USD 14.8/bbl2
  • Fuels and other sales volumes Europe were fairly constant at 3.71 mn t


  • Production decreased by 80 kboe/d to 376 kboe/d, mainly due to the change in the consolidation method of Russian operations 
  • Production cost increased by 25% to USD 9.3/boe

Key events

1 Figures reflect the Q1/23 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.
2 As of Q2/22, the refining indicator margin reflects the change in the crude oil reference price from Urals to Brent at OMV Petrom. 
3 As of March 1, 2022, Russian operations are no longer included in Group operational KPIs, Operating Results, or cash flows.