Omv's asset
Omv

@omv.com

OMV produces and markets oil and gas, as well as chemical solutions in a responsible way

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OMV Group, headquartered in Vienna, Austria, is an integrated international oil and gas company. It was established in 1956 as Österreichische Mineralölverwaltung (Austrian Mineral Oil Administration). OMV operates in the upstream, downstream, and midstream sectors of the oil and gas industry.


In terms of upstream operations, OMV explores, develops, and produces oil and gas resources in countries such as Austria, Romania, Germany, Norway, and the United Arab Emirates. The company focuses on conventional and unconventional resources, with a commitment to sustainability and environmental responsibility. OMV's downstream activities include refining and marketing.


The company operates refineries in Austria, Germany, and Romania, producing a range of petroleum-based products. In addition, OMV has an extensive retail network, with over 2,000 filling stations across countries in Central and Eastern Europe. The midstream segment involves OMV's gas business, which includes the transportation and storage of natural gas.


OMV operates a pipeline network that spans several European countries and is vital for the secure supply of gas to customers. OMV has a strong global presence through its subsidiaries, joint ventures, and partnerships. It has formed strategic alliances with major international companies, including Gazprom, Wintershall, and Abu Dhabi National Oil Company (ADNOC).


These partnerships enable OMV to access new markets and expand its operations. In terms of market position, OMV is one of the largest listed industrial companies in Austria. It is among the leading oil and gas companies in Central and Eastern Europe.


The company has witnessed steady growth over the years, with a focus on innovation and efficiency. Noteworthy events in OMV's history include the acquisition of a majority stake in Petrol Ofisi, Turkey's leading fuel products distribution company, in 2006. This move marked OMV's entry into the Turkish market, further expanding its downstream operations.


As of the latest update, OMV is committed to its sustainability goals, aiming to reduce carbon intensity and increase the share of renewable energy sources in its business. The company is actively investing in research and technology to drive innovation and diversify its energy portfolio. In conclusion, OMV Group is an Austrian oil and gas company with a global presence.


With operations spanning upstream, downstream, and midstream sectors, it is a leader in the industry. Through strategic partnerships and acquisitions, OMV continues to strengthen its market position and embrace sustainable practices for future growth

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Company Type

Public Company

Company Size

10,001+

Year Founded

1956

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