BRIEF-OMV AG FY Net Income Rose 8% At EUR 2.1 Bln [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
BRIEF-OMV AG FY Net Income Rose 8% At EUR 2.1 Bln Feb 6 (Reuters) - OMV AG: * FY STRONG CLEAN CCS OPERATING RESULT OF EUR 3.536 BN (-3%) * FOR THE YEAR 2020, OMV EXPECTS THE AVERAGE BRENT OIL PRICE TO BE AT USD 60/BBL (2019: USD 64 /BB * IN 2020, THE AVERAGE REALIZED GAS PRICE IS ANTICIPATED TO BE LOWER COMPARED TO THE PREVIOUS YEAR (2019: EUR 11.9/MWH) * IN 2020, ORGANIC CAPEX (INCLUDING CAPITALIZED E&A AND EXCLUDING ACQUISITIONS) IS PROJECTED TO COME IN AT EUR 2.4 BN (2019: EUR 2.3 BN). * DOWNSTREAM TOTAL REFINED PRODUCT SALES IN 2020 ARE FORECASTED TO BE ON A SIMILAR LEVEL COMPARED TO 2019 ( 2019: 20.9 MN T) * ORGANIC CAPEX FOR UPSTREAM (INCLUDING CAPITALIZED E&A AND EXCLUDING ACQUISITIONS) IS ANTICIPATED TO COME IN AT EUR 1.6 BN IN 2020 (2019: EUR 1.6 BN). * UPSTREAM: PRODUCTION ROSE BY 60 KBOE/D TO 487 KBOE/D (+14%) IN FY * UPSTREAM: TOTAL HYDROCARBON SALES VOLUMES INCREASED TO 169.3 MN BOE (+14%) IN FY * UPSTREAM: CLEAN OPERATING RESULT OF EUR 1.951 BN (-4%) IN FY * DOWNSTREAM:
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