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OMV Group Report January–June and Q2 2022

including condensed consolidated interim financial statements as of June 30, 2022

Key Performance Indicators


  • Clean CCS Operating Result grew substantially to EUR 2,937 mn, fueled by better performance in Exploration & Production and Refining & Marketing 
  • Clean CCS net income attributable to stockholders of the parent more than doubled to EUR 1,418 mn; clean CCS Earnings Per Share were EUR 4.34
  • Cash flow from operating activities excluding net working capital effects increased substantially to EUR 2,365 mn
  • Organic free cash flow before dividends totaled EUR (190) mn, and was significantly impacted by negative net working capital effects, mainly stemming from the filling of our natural gas storage facilities
  • Clean CCS ROACE stood at 19%
  • Total Recordable Injury Rate (TRIR) was 1.06

Chemicals & Materials

  • Polyethylene indicator margin Europe decreased to EUR 442/t; polypropylene indicator margin Europe decreased to EUR 543/t
  • Polyolefin sales volumes increased slightly to 1.45 mn t

Refining & Marketing

  • OMV refining indicator margin Europe grew sharply to USD 20.5/bbl2
  • Fuels and other sales volumes Europe decreased by 5% to 3.82 mn t

Exploration & Production3

  • Production decreased by 145 kboe/d to 345 kboe/d, mainly due to the change in the consolidation method of Russian operations, planned maintenance, and unplanned outages 
  • Production cost increased by 22% to USD 8.3/boe

Key events

OMV Group Report (PDF, 1,1 MB)

1 Figures reflect the Q2/22 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.