OMV 10/29/2024 Earnings Report

OMV EPS Results

• Actual EPS: $1.16
• Consensus EPS: $1.69
• Beat/Miss: Missed by -$0.53
• One Year Ago EPS: N/A

OMV Revenue Results

• Actual Revenue: $9.69 billion
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

OMV Announcement Details

• Date: 10/29/2024
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

OMV (OTCMKTS:OMVKY) is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments. Its downstream operations include refining crude oil into transportation fuels and feedstocks for chemical production, along with manufacturing petrochemical products used in plastics and industrial applications. The company also operates gas trading and storage businesses and has been active in adapting its portfolio toward higher-value chemical products and lower-carbon energy solutions, including investments aimed at supporting a transition to cleaner energy sources.

OMV maintains a strong presence in Austria and Central and Eastern Europe, while also engaging in international upstream projects. Originally established as a state entity, the company evolved into a publicly traded multinational and continues to balance regional retail and refining operations with global exploration and production activities. Its integrated structure and geographic footprint make it a notable participant in European energy markets.