OMV AG - Company Profile
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Business Description
OMV AG (OMV) produces, refines, and markets oil and natural gas. The company also imports, transports, and stores gas. It has operations across Europe, the Middle East and Africa, Australia, Madagascar, and New Zealand.
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R&D Overview
OMV is actively pursuing innovation and technology development to achieve its strategic energy targets for FY2030. The company's R&D efforts focus on cost-effective and sustainable production, geothermal and renewable energy, carbon capture and storage (CCS), and exploring new business models. These initiatives aim to deliver rapid, high-impact solutions that enhance OMV's effectiveness across all value streams and support the transition to a low-carbon future. The company is involved in optimizing mature assets, developing next-generation energy storage, and integrating digital innovations like AI-driven subsurface workflows and emission control systems. OMV collaborates with national and international partners, including research institutions and technology firms, to leverage expertise and foster joint innovation. OMV's R&D activities are managed through specialized technology centers in Austria (Tech Center & Lab) and Romania (Upstream Laboratory, ICPT). These centers serve as hubs for research and development, focusing on various aspects of energy transformation. In Austria, OMV leads large-scale programs in carbon capture, hydrogen production, geothermal energy, and advanced subsurface modeling. Romania focuses on production optimization and renewable integration, serving as a testing ground for geothermal potential and thermal energy storage. Norway is dedicated to subsurface innovation and low-carbon business solutions. OMV has multiple R&D centers, including those in Austria, Romania, and Norway. Borealis, a part of OMV, holds around 7,400 patents and approximately 3,200 patent applications, organized into around 1,500 patent families. Borealis filed 115 new priority applications at the European Patent Office in FY2025. The company has major technology alliances with partners such as Stanford University and Hycamite, focusing on areas like AI-driven subsurface workflows and methane splitting for hydrogen production. In FY2025, the R&D expenses of the company stood at EUR84 million, which stood at 0.4% of company’s revenue.
Business Segments
Overview
Includes sale of petrochemical and all other chemicals in the OMV Group. It provides advanced and circular polyolefin solutions. In FY2025, the segment incurred a capital expenditure of EUR971 million, which declined 10.2% YoY.
Performance
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Overview
Corporate and Other revenue mainly includes revenue from commodity transactions.
Performance
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Overview
Carries out the business of oil and gas exploration, development and production. In FY2025, the segment incurred a capital expenditure of EUR1,910 million, which declined 3.1% YoY.
Performance
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Overview
Refines and markets crude oil and other feedstock. In FY2025, the segment incurred a capital expenditure of EUR883 million, which declined 9.9% YoY.
Performance
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Geographical Segments
- Austria
- Belgium
- Germany
- Hungary
- Libya
- Norway
- Rest of CEE
- Rest of Europe
- Rest of the world
- Romania
- United Arab Emirates
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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