OMV Aktiengesellschaft is an Austrian integrated oil and gas company headquartered in Vienna. Founded in 1956 by the Austrian state as Aktiengesellschaft für Mineralölverwertung, the company has evolved into a global energy player with comprehensive upstream and downstream operations. OMV focuses on the exploration, production, refining, storage, and marketing of hydrocarbons, serving both industrial customers and end consumers.
In its upstream segment, OMV develops and operates oil and gas fields across Europe, the Middle East, Africa, and Asia, producing crude oil, natural gas, and associated liquids. The downstream division includes refining and petrochemicals, highlighted by the Schwechat refinery near Vienna and chemical production in partnership with Borealis. OMV markets fuels and lubricants through a network of OMV-branded service stations and supplies polyolefins, fertilizers, and specialty chemicals to industrial clients worldwide.
Alongside traditional oil and gas activities, OMV has expanded into lower-carbon energy, investing in wind power, biofuels, and hydrogen projects, as well as key infrastructure such as pipelines and liquefied natural gas (LNG) terminals. Its transport and storage assets—encompassing cross-border pipelines and underground gas storage facilities—play a vital role in regional energy security and supply flexibility.
OMV is led by CEO Alfred Stern, who took the helm in 2023, and employs over 20,000 people globally. While maintaining a strong footprint in Austria and neighboring European markets, the company also holds significant positions in Romania, Turkey, Central Asia, and North Africa. As a publicly traded entity with roots in state ownership, OMV continues to balance its legacy hydrocarbons business with strategic initiatives aimed at sustainable energy transition.
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