Combined Annual Report 2024

Combined Annual Report 2024

Our new logo:

Embracing progress and circularity

Jump to: CEO Interview Key Figures Dashboard Value Chain Sustainability

Re-inventing everyday essentials. We are creating a world in which sustainable energy, sustainable mobility and sustainable lifestyle are a reality for everyone.

Alfred Stern, Chairman of the Executive Board and Chief Executive Officer (photo)

OMV’s transformation journey is gaining momentum, and our strategic projects are setting the stage for more energy supplies to Europe and a more sustainable future.

Alfred Stern Chairman of the Executive Board and CEO of OMV
CEO Interview
Our results

Key Figures 2024

2023
2024
Sales Revenues
EUR 34.0 bn
(2023: EUR 39.5 bn)
2023
2024
Clean CCS Operating Result
EUR 5.1 bn
(2023: EUR 6.0 bn)
2023
2024
Cashflow From Operating Activities
EUR 5.5 bn
(2023: EUR 5.7 bn)
2023
2024
Free Cash Flow
EUR 2.3 bn
(2023: EUR 2.7 bn)
2023
2024
Dividend Per Share
EUR 4.75
(2023: EUR 5.05)
2023
2024
Clean CCS ROACE
10 %
(2023: 12%)
2023
2024
Leverage Ratio
12 %
(2023: 8%)
2023
2024
Taxonomy-aligned CAPEX
18.7 %
(2023: 10.5%)
2023
2024
Absolute Scope 1 and 2 emissions reduction
23 % vs. 2019
(2023: 26%)
2023
2024
Absolute Scope 3 emissions reduction
17 % vs. 2019
(2023: 10%)
At a GlanceOMV Business YearChemicalsF&FEnergyEU TaxonomyTransition Plan

Dashboard

The Dashboard provides an insightful overview of the financial year 2024. Explore key financial and non-financial data and find out more about OMV’s strategy.

To the Dashboard

Subsequent events

OMV and ADNOC to create USD 60+ bn global polyolefins champion

Signed agreement foresees strategic combination of Borealis and Borouge under the newly created company Borouge Group International, set to become world’s fourth largest polyolefins company.
 

A man holding a bottle with a liquid (photo)

ReOil® plant
 

We completed our new 16,000 t ReOil® plant in the Schwechat refinery near Vienna – our innovative chemical recycling technology processes used plastics that would otherwise end up in landfill or incinerators.
 
 
 
 

SAF/HVO refinery in Petrobrazi (photo)

SAF/HVO unit at Petrobrazi refinery

OMV has been producing SAF from used cooking oil since 2022. We made the final decision in 2024 to invest in sustainable fuels in the Petrobrazi refinery in Romania and started construction in February 2025.
 
 
 
 

A drilling rig in the ocean (photo)

Neptun Deep
 

The largest offshore gas development in the EU, the Neptun Deep project in Romania, is on schedule and on budget. The mobile drilling unit, Transocean Barents, arrived in the Black Sea in 2024, and drilling started in March 2025.

Solar panels; a man walking in the background (photo)

Renewable power projects

OMV, through OMV Petrom, has established a robust pipeline of renewable energy projects in Romania. OMV Petrom has already secured around 2.4 TWh p.a. of prospective power production by 2030.
Learn how OMV creates value

Our Value Chain

OMV produces and markets oil and gas as well as chemical products and solutions in a responsible way and develops innovative solutions with a special focus on circular economy.

Learn more about our Own OperationsLearn more about our Value Chain

Strategic Cornerstones

OMV plans to transform into an integrated sustainable chemicals, fuels, and energy company, achieving net zero emissions by 2050.

More about our Strategy

Sustainability

A car driving on a road in fields (photo)

ESRS 2: General Information

Contextual overview of OMV’s sustainability reporting, including Governance, Strategy, Business Model, Impacts, Risks, and Opportunities
 
 
 
 

A man walking on a field with solar panles (photo)

Environmental Information

EU Taxonomy,
E1 Climate Change,
E2 Pollution,
E2 (Entity-Specific) Process Safety
E3 Water,
E4 Biodiversity and
E5 Resource Use and Circular Economy
 

Two OMV employees wearing safety helments standing in a factory (photo)

Social
Information

S1 Human Rights,
S1 HSSE,
S1 Own Workforce,
S2 Workers in the Value Chain,
S3 Affected Communities
 
 
 
 

The OMV headquaters with the new logo (photo)

Governance Information

G1 Corporate Culture, Business Ethics, and Anti-Corruption and Anti-Bribery;
G1 Supplier Relationships; (Entity-Specific) Cybersecurity,
(Entity-Specific) Economic Impact
 
 

Services

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