Austria’s integrated oil and gas company, OMV, has presented its 2025 financial results, revealing a year of contrasting performance. While key earnings metrics declined, the board has proposed a substantial dividend, signaling a commitment to shareholder returns even as the company navigates a more challenging operational environment.
Financial Highlights and Shareholder Returns
Despite a downturn in operational performance, OMV’s dividend proposal stands out. Shareholders are set to receive a total distribution of €4.40 per share. This comprises a regular dividend of €3.15, supplemented by a special dividend of €1.25. The final approval rests with the upcoming Annual General Meeting.
The company’s financial scorecard for 2025 shows the pressures it faced:
* CCS Operating Result: €4.6 billion, marking a 10% decrease.
* Net Income: €1.9 billion, down 7% year-on-year.
* Underlying Earnings Per Share: €5.94.
* Group Revenue: Fell 7% to €24.3 billion.
* Planned 2026 Investments: €3.2 billion.
Segment Performance: A Divergent Picture
A closer look at OMV’s business segments reveals the drivers behind the overall decline. The Energy segment, encompassing Exploration & Production, was the primary drag. Its operating result contracted to €2.7 billion, heavily impacted by unfavorable market effects.
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This weakness was partially offset by stronger performances elsewhere. The Fuels & Marketing business saw its result rise to €1.1 billion, a performance bolstered by the company’s refinery stake in the United Arab Emirates. The Chemicals & Materials unit also contributed positively, posting an operating result of €784 million.
Cautious Outlook and Strategic Pivots
Management has adopted a prudent stance for the current year, 2026. Its guidance assumes an average Brent crude oil price of approximately $65 per barrel. The company expects its own production to remain slightly below 300,000 barrels of oil equivalent per day, contingent on operations in Libya continuing without disruption. Production had already dipped to this level in the fourth quarter of 2025.
Strategically, OMV is advancing two key initiatives. The first is the formation of the “Borouge Group International” joint venture with partner ADNOC. Concurrently, the company is expanding its portfolio in green technologies. Notably, the ReOil plant in Schwechat is now operational, and a 140-megawatt electrolyzer for green hydrogen production is under construction in Bruck an der Leitha.
Market Context
OMV shares are currently trading at €50.55. This price sits nearly 8% below the 52-week high of €55.00, which was reached at the end of December. The proposed dividend yield, based on the current share price and the total €4.40 distribution, presents a key consideration for investors weighing the company’s income proposition against its recent earnings trajectory.
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