Last €27.83 EUR
Change Today +0.235 / 0.85%
Volume 84.6K
OMV On Other Exchanges
Symbol
Exchange
OTC US
Vienna
OTC US
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OTC US
As of 8:50 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

omv ag (OMV) Snapshot

Open
€27.70
Previous Close
€27.59
Day High
€27.90
Day Low
€27.62
52 Week High
09/27/13 - €37.50
52 Week Low
09/17/14 - €27.21
Market Cap
9.1B
Average Volume 10 Days
403.9K
EPS TTM
€1.78
Shares Outstanding
327.3M
EX-Date
05/20/14
P/E TM
15.6x
Dividend
€1.25
Dividend Yield
4.50%
Current Stock Chart for OMV AG (OMV)

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omv ag (OMV) Details

OMV Aktiengesellschaft operates as an integrated oil and gas company primarily in Europe. The company operates in three segments: Exploration and Production (E&P), Gas and Power (G&P), and Refining and Marketing, including Petrochemicals (R&M). The E&P segment is engaged in the exploration, development, and production of oil and gas resources primarily in Romania and Austria, as well as in Australia, Bulgaria, the Faroe Islands, Gabon, Madagascar, Ukraine, the United Arab Emirates, Kazakhstan, Kurdistan, Region of Iraq, Libya, New Zealand, Norway, Pakistan, Romania, Tunisia, Namibia, the United Kingdom, and Yemen. As of December 31, 2013, it had proved hydrocarbon reserves of 1,131 million barrels of oil equivalent; and proved and probable oil and gas reserves of 1,916 million barrels of oil equivalent. The G&P segment is involved in the supply, marketing, trading, storage, and transportation of natural gas. It operates a 2,000 kilometers long gas pipeline network; and gas storage facilities with a capacity of 2.6 billion cubic meters. This segment also operates two gas-fired power plants in Romania and Turkey. The R&M segment refines, supplies, and trades oil products and petrochemicals with a focus on Central and Southeastern Europe, as well as Turkey. It operates refineries in Schwechat in Austria and Burghausen in Southern Germany, both with integrated petrochemical complexes, as well as the refinery Petrobrazi in Romania with an annual processing capacity of 17.4 million metric tonnes. As of December 31, 2013, it operated a retail network of approximately 4,200 filling stations in 11 countries. OMV Aktiengesellschaft was founded in 1956 and is based in Vienna, Austria.

26,773 Employees
Last Reported Date: 08/12/14
Founded in 1956

omv ag (OMV) Top Compensated Officers

Chairman of Executive Board and Chief Executi...
Total Annual Compensation: €1.6M
Deputy Chairman of Executive Board and Chief ...
Total Annual Compensation: €1.4M
Member of Executive Board
Total Annual Compensation: €1.1M
Member of Executive Board
Total Annual Compensation: €993.0K
Member of Executive Board
Total Annual Compensation: €600.0K
Compensation as of Fiscal Year 2013.

omv ag (OMV) Key Developments

Omv Aktiengesellschaft Reports Unaudited Consolidated Production and Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capex Guidance for 2014

OMV Aktiengesellschaft reported unaudited consolidated production and earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net special items of EUR 138 million led to a reported EBIT of EUR 21 million against EUR 597 million, 65% below the level of second quarter of 2013. Total OMV daily production of oil, NGL and gas was 297 kboe/d. This was at the same level as in the second quarter of 2013, mainly reflecting the lower Libyan contribution, as production volumes were affected by security issues, which was offset by the contribution from Norway. OMV Petrom's total daily oil and gas production decreased by 2% compared to second quarter of 2013, mainly due to Kazakhstan, where production levels were impacted by pipeline issues. Total OMV daily oil and NGL production decreased by 9%, mainly reflecting lower volumes from Libya. Production volumes from Norway and Pakistan mitigated this development. Total OMV daily gas production increased by 10% vs. second quarter of 2013, mainly due to the contribution from Norway and higher production in Pakistan, which were partly offset by lower volumes from Kazakhstan. Crude oil and NGL production was EUR 13.2 million against EUR 14.4 million, a year ago. The company reported sales revenue of EUR 9,306.60 million against EUR 10,567.70 million a year ago, decreases mainly due to lower G&P sales. Earnings before interest and taxes (EBIT) were EUR 232.41 million against EUR 668.25 million a year ago, driven by a lower E&P result, mainly due to higher depreciation and higher exploration expenses, as well as a lower marketing result. This was partly offset by positive contribution from G&P due to better gas supply and portfolio optimization. Profit from ordinary activities was EUR 218.74 million against EUR 559.03 million a year ago. Net income for the period was EUR 174.84 million or EUR 0.40 per basic and diluted share against EUR 343.01 million or EUR 0.69 per basic and diluted share a year ago. Net income attributable to stockholders of the parent was EUR 131.90 million against EUR 225.52 million a year ago. Net cash from operating activities was EUR 504.47 million or EUR 1.55 per share against EUR 384.29 million or EUR 1.26 per share a year ago. Intangible assets and property, plant and equipment was EUR 476.96 million against EUR 508.50 million a year ago. Net cash from operating activities was EUR 679.66 million against EUR 1,205.85 million a year ago. Intangible assets and property, plant and equipment were EUR 796.08 million against EUR 525.75 million a year ago.Net debt was EUR 4,935 million against EUR 2,183 million a year ago. Capital expenditure was EUR 1,058 million against EUR 555 million a year ago. Cash flow per share was EUR 2.08 against EUR 3.70, a year ago. For the six months, the company reported production increased to 304 kboe/d. In the first half of 2014, results were adversely impacted by lower refining margins, a weaker US dollar and political instability in Libya and Yemen. Total OMV daily production of oil, NGL and gas was 1% higher compared to the level of six months of 2013, since the production contribution from the acquired assets in Norway more than offset the lower production levels in Libya, which was affected by security issues. Total OMV daily oil and NGL production decreased by 5% compared to six months of 2013, primarily due to lower volumes from Libya, which were only partly compensated by production contribution from Norway and higher volumes from Pakistan. Total OMV daily gas production increased by 9% versus six months of 2013, due to gas production contribution from Norway and higher volumes coming from Pakistan. Higher sales volumes, mostly from Norway and Pakistan, led to a total sales quantity increase of 6% compared to six months of 2013. Crude oil and NGL production was EUR 27.8 million against EUR 29.1 million, a year ago. The company reported sales revenue of EUR 19,131,162 million against EUR 21, 344. 47 million a year ago, decreases mainly driven by lower G&P sales. Earnings before interest and taxes (EBIT) were EUR 90.7.59 million against EUR 1,927,57 million a year ago, favored by higher oil prices, a stronger USD and higher sales volumes from Libya, partly compensated by significantly lower inventory gains and higher impairments. Profit from ordinary activities was EUR 831.39 million against EUR 1,762.06 million a year ago. Net income for the period was EUR 612.55 million or EUR 1.32 per diluted share against EUR 1,293.84 million or EUR 3.09 per diluted share a year ago. Net income attributable to stockholders of the parent was EUR 432.54 million against EUR 1,011.30 million a year ago. ROFA was 8% against 20% a year ago. Net cash from operating activities was EUR 1,586.82 million against EUR 2,611.48 million a year ago. Intangible assets and property, plant and equipment were EUR 1,757.71 million against EUR 1,140.26 million a year ago. Net debt increased to EUR 4,935 million compared to EUR 4,371 million at the end of 2013 which is mainly attributable to the decrease of the cash position and the increase of short-term financing. Capital expenditure increased to EUR 1,805 million against EUR 1,125 million, mainly driven by E&P investments in Romania and field developments in Norway. ROACE was 7% against 13% a year ago. ROE was 7% against 14% a year ago. Cash flow per share was EUR 4.86 against EUR 8.01, a year ago. CAPEX for 2014 is expected to be around EUR 3.9 billion.

OMV to Invest EUR 20 Million in Hydrogen Research in Coming Years

OMV sees hydrogen as the fuel of the future and plans to spend EUR 20 million (USD 26.85 million) on related research in the coming years. OMV currently produces some 100k tonnes of hydrogen a year.

OMV Announces Production Results for the Second Quarter of 2014; Reports Impairment Charge for the Second Quarter of 2014

OMV announced production results for the second quarter of 2014. The company saw its oil and gas production decline to 297,000 boe per day in the second quarter from 311,000 boe in first quarter of 2014, while year-on-year the level stayed unchanged. The group booked an impairment for its Kazakh and Tunisian assets which will take EUR 145 million (USD 195.5 million) off the operating result for the second quarter of 2014.

 

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Industry Analysis

OMV

Industry Average

Valuation OMV Industry Range
Price/Earnings 14.5x
Price/Sales 0.2x
Price/Book 0.7x
Price/Cash Flow 9.7x
TEV/Sales NM Not Meaningful
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