A
-
ACCG
Austrian Code of Corporate Governance
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ADNOC
Abu Dhabi National Oil Company
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AGM
Annual General Meeting
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APS
Announced Pledges Scenario
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ARMS
Active Risk Management System
B
-
bbl
Barrel (1 barrel equals approximately 159 liters)
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bcf
Billion standard cubic feet
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boe
Barrel of oil equivalent
C
-
C&O
Corporate and Other
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CAGR
Compounded annual growth rate
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CAPEX
Capital expenditure
-
Capital employed
Equity including non-controlling interests plus net debt
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CbCR
Country-by-Country Report
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CCBS
Climate, Community & Biodiversity Standard
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CCS/CCS effects/inventory holding gains/(losses)
Current Cost of Supply Inventory holding gains and losses represent the difference between the cost of sales calculated using the current cost of supply and the cost of sales calculated using the weighted average method after adjusting for any changes in valuation allowances in case the net realizable value of the inventory is lower than its cost. In volatile energy markets, measurement of the costs of petroleum products sold based on historical values (e.g., weighted average cost) can have distorting effects on reported results (Operating Result, net income, etc.). The amount disclosed as CCS effect represents the difference between the charge to the income statement for inventory on a weighted average basis (adjusted for the change in valuation allowances related to net realizable value) and the charge based on the current cost of supply; the current cost of supply is calculated monthly using data from supply and production systems.
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CCS/CCUS
Carbon Capture, (Utilization) and Storage
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CDM
Clean Development Mechanism
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CEGH
Central European Gas Hub
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cf
Standard cubic feet (60°F/16°C)
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CGMs
Community Grievance Mechanisms
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CGU
Cash generating unit
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Clean CCS EPS
Clean CCS Earnings Per Share are calculated as clean CCS net income attributable to stockholders divided by weighted number of shares.
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Clean CCS net income attributable to stockholders
Net income attributable to stockholders, adjusted for the after-tax effect of special items and CCS
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Clean CCS Operating Result
Operating Result adjusted for special items and CCS effects The Group clean CCS Operating Result is calculated by adding the clean CCS Operating Result of F&F, the clean Operating Result of other segments and the reported consolidation effect adjusted for changes in valuation allowances, in case the net realizable value of the inventory is lower than its cost.
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Clean CCS ROACE
The clean CCS Return On Average Capital Employed is calculated as NOPAT (as a sum of current and last three quarters) adjusted for the after-tax effect of special items and CCS, divided by average capital employed (%).
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CMF
Corrosion Management Framework
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CR&D
Community Relations and Development
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CSDDD
Corporate Sustainability Due Diligence Directive
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CSRD
Corporate Sustainability Reporting Directive
D
-
DS
Downstream
E
-
E&A
Exploration & Appraisal
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E&P
Exploration & Production, part of Energy business segment
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ECL
Expected credit losses
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EMS
Environmental Management System
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eMSP
eMobility Service Provider
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EPCC
Engineering, Procurement, Construction and Commissioning
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EPS
Earnings Per Share; net income attributable to stockholders divided by total weighted average shares
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EPSA
Exploration and Production Sharing Agreement
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Equity ratio
Equity divided by balance sheet total, expressed as a percentage
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ERGs
Employee Resource Groups
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ESIA
Environmental and Social Impact Assessment
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Ethylene indicator margin Europe
Ethylene CP WE (ICIS) – 1.18 * Naphtha FOB Rotterdam
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EVG&D
Economic Value Generated and Distributed
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EWRM
Enterprise-Wide Risk Management
F
-
F&F
Fuels & Feedstock business segment
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FIFO method
First-in First-Out method
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FPIC
Free, Prior, and Informed Consent
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FVOCI
Fair value through other comprehensive income
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FVTPL
Fair value through the statement of profit or loss
G
-
GBF
Global Biodiversity Framework
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GFMR
Global Flaring and Methane Reduction Partnership
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GHG
Greenhouse gas
H
-
HiPos
High-Potential Incidents
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HVO
Hydrotreated vegetable oil
I
-
IAS
International Accounting Standards
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ICoC
International Code of Conduct for Private Security Service Providers
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IEA
International Energy Agency
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IFRS
International Financial Reporting Standards
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ISCC
International Sustainability & Carbon Certification
K
-
kbbl
Thousand barrels
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kboe
Thousand barrels of oil equivalent
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KStG
Austrian Corporate Income Tax Act
L
-
LCA
Life Cycle Assessment
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LDAR
Leak Detection and Repair
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Leverage ratio
Net debt divided by capital employed, expressed as a percentage
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LNG
Liquefied natural gas
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LoPC
Losses of Primary Containment events
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LPG
Liquefied petroleum gas
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LTIP
Long-Term Incentive Plan
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LTIR
Lost-Time Injury Rate per million hours worked
M
-
MTP
Mid-term planning
N
-
n.a.
Not applicable
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n.m.
Not meaningful
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NCI
Non-controlling interests
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NEC
National Emissions Ceiling
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Net assets
Intangible assets, property, plant and equipment, equity-accounted investments, investments in other companies, loans granted to equity-accounted investments, and total net working capital less provisions for decommissioning and restoration obligations
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Net debt
Interest-bearing debts including bonds and finance lease liabilities less liquid funds (cash and cash equivalents)
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Net income
Net operating profit or loss after interest and tax
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NGL
Natural Gas Liquids; natural gas that is extracted in liquid form during the production of hydrocarbons
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NMVOCs
Non-Methane Volatile Organic Compounds
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NOPAT
Net Operating Profit After Tax Net income + Net interest related to financing – Tax effect of net interest related to financing.
NOPAT is a KPI that shows the financial performance after tax, independent of the financing structure of the company. -
NZE
Net Zero Emissions Scenario
Ö
-
ÖBAG
Österreichische Beteiligungs AG
O
-
OCI
Other comprehensive income
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OECM
One Earth Climate Model
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OO
Own Operations
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OPEX
Operating expenditure
P
-
Payout ratio
Dividend per share divided by earnings per share, expressed as a percentage
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PDH
Propane dehydrogenation; a propylene production process
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Pearl
Pearl Petroleum Company Limited
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PoC
Points of Contact
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Polyethylene indicator margin Europe
HD BM FD EU Domestic EOM (ICIS low) – Ethylene CP WE (ICIS)
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Polypropylene indicator margin Europe
PP Homo FD EU Domestic EOM (ICIS low) – Propylene CP WE (ICIS)
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PoS
Proofs of Sustainability
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PPE
Property, plant and equipment
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Propylene indicator margin Europe
Propylene CP WE (ICIS) – 1.18 * Naphtha FOB Rotterdam
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PSER
Process Safety Event Rate
R
-
RFCC
Residue fluid catalytic cracking; technology for upgrading heavy feedstocks into light products
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ROACE
Return On Average Capital Employed; NOPAT divided by average capital employed expressed as a percentage
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ROE
Return On Equity; net income/loss for the year divided by average equity, expressed as a percentage
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RRR
Reserve Replacement Rate; total changes in reserves excluding production, divided by total production
S
-
SAF
Sustainable Aviation Fuel
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Sales revenues
Sales excluding petroleum excise tax
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SDs
Sustainability Declarations
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SHIA
Social and Human Rights Impact Assessment
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SIA
Social Impact Assessments
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SIR
Strategy Implementation Review
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Special items
Special items are expenses and income reflected in the financial statements that are disclosed separately, as they are not part of underlying ordinary business operations. They are being disclosed separately in order to enable investors to better understand and evaluate the OMV Group’s reported financial performance.
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STEPS
Stated Policies Scenario
T
-
THE
Trading Hub Europe; German natural gas market trading hub
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TRIR
Total Recordable Injury Rate per million hours worked
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TSR
Total Shareholder Return
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TTF
The Title Transfer Facility; a virtual trading point for natural gas in the Netherlands
U
-
US
Upstream
V
-
VCS
Verified Carbon Standard
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VPs
Voluntary Principles on Security and Human Rights
W
-
WIMS
Well Integrity Management System