OMV is an integrated company with three robust pillars: Chemicals, Fuels & Feedstock, and Energy. It supports the transition to a lower-carbon economy and has the ambition to become a net zero emissions business by 2050 for Scope 1, 2, and 3 emissions. The majority of its nearly 24,000 employees work at its integrated European sites. In 2024, Group sales amounted to EUR 34 bn. With a year-end market capitalization of around EUR 12 bn, OMV is one of Austria’s largest listed industrial companies.
Our Purpose and Values
OMV’s purpose, “Re-inventing essentials for sustainable living,” is a fundamental part of the Strategy 2030 to become an integrated sustainable chemicals, fuels, and energy company – rooted in our firm commitment to achieving net zero emissions by 2050. To ensure this purpose is fully embraced, we have designed values and behaviors that align with this direction. Our OMV Values “We care | We’re curious | We progress” were introduced in 2023 and guide us on our path to a more sustainable future.
Our Business Segments
In ChemicalsOn March 3, 2025, OMV and ADNOC signed a binding agreement for the combination of their shareholdings in Borealis and Borouge into Borouge Group International. For more details, see Note 37 – Subsequent events. , OMV is one of the world’s leading providers of advanced and circular polyolefin solutions, with total polyolefin sales of 6.3 mn t in 2024 (2023: 5.7 mn t). It is also a European market leader in base chemicals and plastics recycling. The Company supplies services and products to customers worldwide through OMV and Borealis, and its two joint ventures: Borouge (with ADNOC, based in the UAE) and Baystar™ (with TotalEnergies, based in the US). With operations in over 120 countries, it offers value-adding, innovative, and circular material solutions for key industries in its five industry clusters: Consumer Products, Energy, Health care, Infrastructure, and Mobility.
In Fuels & Feedstock (F&F), OMV operates three refineries in Europe: Schwechat (Austria) and Burghausen (Germany), both of which feature integrated petrochemical production, and the Petrobrazi refinery (Romania). In addition, OMV holds a 15% share in ADNOC Refining and ADNOC Global Trading in the UAE. OMV’s total global processing capacity amounts to around 500 kbbl/d. Fuels and other sales volumes in Europe totaled 16.2 mn t in 2024 (2023: 16.3 mn t) and the retail network consisted of 1,702 filling stations (2023: 1,666) in eight European countries at the end of 2024. F&F is expanding its renewable fuels and sustainable chemical feedstocks offerings while also growing its network of EV charging solutions.
In Energy, OMV explores, develops, and produces crude oil and natural gas with a focus on its three core regions of North, Central and Eastern Europe (CEE), and SouthNorth: Norway; CEE: Austria, Romania, Bulgaria; South: Libya, United Arab Emirates, Tunisia, Kurdistan Region of Iraq; Rest of the world: New Zealand, Malaysia, and Yemen. OMV closed the divestment of its 50% shareholding in Malaysia’s SapuraOMV Upstream Sdn. Bhd. to TotalEnergies on December 9, 2024. . Activities also include the Low Carbon Business and the entire gas business. Daily hydrocarbon production was 340 kboe/d in 2024 (2023: 364 kboe/d), with a slightly higher share of liquids than natural gas production. OMV’s Gas Marketing & Power business markets and trades natural gas and power in several European countries and includes the LNG business. Furthermore, it holds a 65% stake in the Central European Gas Hub (CEGH) and operates natural gas storage facilities with a capacity of around 30 TWh in Austria and Germany, as well as a gas-fired power plant in Romania. The Low Carbon Business focuses on more sustainable energy sources from geothermal energy and renewable electricity, primarily in Romania, and is venturing into Carbon Capture and Storage (CCS).
OMV Operations
Click on the selected area below to find out more about the OMV value chain.
HYDROCARBON PRODUCTION
OMV explores, develops, and produces hydrocarbons (crude oil, natural gas and NGL).
NATURAL GAS, CRUDE OIL & NGL
OMV markets natural gas, from equity production and third-party supply, in several European countries. Crude oil and NGL are marketed on global markets, while Austrian and Romanian production is predominantly supplied to OMV’s refineries.
GAS-FIRED POWER PLANT
In Romania, OMV Petrom produces electricity in a gas-fired combined-cycle power plant.
SUPPLY & TRADING
OMV markets and trades crude oil, natural gas, and refined products on global markets, with a focus on securing supply and generating value.
NATURAL GAS STORAGE
OMV operates natural gas storage facilities that are well connected to the pipeline grid and in the vicinity of important urban areas of consumption.
GEOTHERMAL HEAT PRODUCTION
OMV aims to establish a strong position in the geothermal energy sector via the commonly known open-loop technology and innovative closed-loop technology.
CIRCULAR RESOURCES
OMV aims to further increase its use of circular resources such as bio-feedstocks, including waste and residue streams, as well as cultivated algae, plastic waste, and green hydrogen. Furthermore, OMV is also actively looking into synthetic fuels and feedstocks based on CO2.
RENEWABLE ENERGY
OMV is utilizing renewable energy, such as that generated by photovoltaic systems, to power its own operations and aims to build up a renewable energy portfolio with a focus primarily on Romania.
REFINING
OMV operates three refineries in Europe and holds a 15% share in ADNOC Refining in the UAE, where it processes sustainable and fossil fuel-based feedstocks into a wide range of refined products.
BASE CHEMICALS
Base chemicals are produced at five major sites in Europe and at the joint ventures of Borealis, Borouge and Baystar. Most of the base chemicals are processed internally into polyolefins.
POLYMERS
Through Borealis, OMV is one of the largest polyolefin (polyethylene and polypropylene) producers in Europe and among the top ten producers globally, serving customers in more than 120 countries.
CHEMICAL RECYCLING
OMV has developed proprietary chemical recycling technology known as ReOil®, which turns plastic waste not fit for mechanical recycling into valuable resources. A ReOil® plant with a capacity of 16,000 t p.a. is currently undergoing a phased start-up. A commercially viable industrial ReOil® plant with a capacity of up to 200,000 t p.a. is planned as the next step.
MECHANICAL RECYCLING
Borealis runs six mechanical recycling plants in Austria, Germany, Italy, and Bulgaria where plastic waste is processed into high-quality recyclate.
GEOTHERMAL HEAT CONSUMER
OMV has formed a joint venture with Wien Energie, which operates one of the largest district heating networks in Europe, and is developing the potential of the Vienna basin using open-loop technology to provide geothermal heat to households.
FUELS & OTHERS
OMV sells its refined products via several retail filling station brands and also serves a large base of commercial customers.
INDUSTRIES
Through Borealis, OMV provides innovative and value-creating plastics solutions to five end-use industries:
A Consumer Products
B Healthcare
C Energy
D Infrastructure
E Mobility
ELECTRICITY
OMV Petrom is a licensed power supplier in Romania and offers electricity supply solutions to end customers.