OMV Announces Split Of Downstream Business [Reuters]
OMV AG BEARER SHS S/ADR (OMVKY)
NASDAQ:AMEX Investor Relations:
omvpetrom.com/portal/01/petromcom/petromcom/omv_petrom/investor_relations/omv-petrom-shares-gdrs/shareholding-and-stock-listing-history/!ut/p/b0/04_sj9cpykssy0xplmnmz0vmafgjzoin_e0tar0cny1cddw9pxw93hwndsbapzg1t78g21erac3xr1e!
Company Research
Source: Reuters
OMV AG (OMVKY.PK) Key Developments | Reuters.com May 3 (Reuters) - OMV AG ::Q1 CLEAN CCS OPERATING RESULT DECREASED TO EUR 759 MN (-7%) DUE TO LOWER SALES VOLUMES FOLLOWING FORCE MAJEURE IN LIBYA.Q1 CLEAN CCS ROACE AT 12% (Q1/18: 13%).FOR THE YEAR 2019, OMV EXPECTS THE AVERAGE BRENT OIL PRICE TO BE AT USD 65/BBL (2018: USD 71/BBL)..IN 2019, ORGANIC CAPEX PROJECTED TO COME IN AT EUR 2.3 BN (2018: EUR 1.9 BN).Q1 UPSTREAM PRODUCTION ROSE BY 37 KBOE/D TO 474 KBOE/D.Q1 DOWNSTREAM OMV INDICATOR REFINING MARGIN STOOD AT USD 4.0/BBL.Q1 DOWNSTREAM NATURAL GAS SALES INCREASED BY 15% TO 38.1 TWH.EXPECTS TOTAL PRODUCTION TO BE AROUND 500 KBOE/D IN 2019 (2018: 427 KBOE/D), DEPENDING ON THE SECURITY SITUATION IN LIBYA.NATURAL GAS SALES VOLUMES IN 2019 ARE PROJECTED TO BE ABOVE THOSE IN 2018 (2018: 114 TWH)..TOTAL REFINED PRODUCT SALES IN 2019 ARE FORECASTED TO BE AT A SIMILAR LEVEL COMPARED TO THOSE IN 2018 (2018: 20.3 MN T). Full Article May 3 (Reuters) - Omv ::SAYS CASH FLOW FROM INVESTING ACT
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