- OMV’s net income for the second quarter was EU378 million, which is a 0.5% decrease compared to last year and missed the estimated EU493.8 million.
- Clean CCS operating profit reached EU1.23 billion, a 4.5% increase year-over-year and exactly matching the estimate.
- Energy clean operating profit was EU817 million, an 8.7% decrease from last year, falling short of the EU859.6 million estimate.
- Chemicals & Materials achieved a clean operating profit of EU114 million, significantly up from EU7 million last year but below the EU154.1 million estimate.
- Fuels & Feedstock saw a clean CCS operating profit of EU308 million, marking an 8.8% increase year-over-year.
- Clean CCS net income was EU494 million, up 4.7% year-over-year but lower than the EU522.9 million estimate.
- Pretax profit was EU1.10 billion, missing the estimated EU1.31 billion.
- Sales revenue stood at EU8.58 billion, a 4.4% decline compared to last year and below the EU9.22 billion estimate.
- OMV’s forecast for average production remains between 330,000 to 350,000 barrels of oil equivalent per day, consistent with previous expectations and in line with the estimate of 341,378 boe/d.
- The forecast for organic capital expenditure is still around EU3.8 billion, near the estimated EU3.72 billion.
- Analyst recommendations for OMV include 10 buys, 8 holds, and 4 sells.
A look at OMV AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
OMV AG, a company engaged in the exploration and refining of crude oil and natural gas, seems to have a positive long-term outlook based on the Smartkarma Smart Scores. With top scores in both the Value and Dividend categories, OMV AG appears to offer solid investment potential and a commitment to rewarding shareholders. Moreover, its respectable Resilience score suggests a stable foundation for weathering market uncertainties, further enhancing its attractiveness to investors.
While OMV AG scores lower in Growth and Momentum, indicating areas for potential improvement in expanding its business and market presence, the overall outlook remains promising. The company’s diverse product offerings, including refined products and plastics for various industries, position it well for sustained growth and profitability in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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