- OMV’s third-quarter production reached 332,000 barrels of oil equivalent per day (boe/d), closely aligning with the estimate of 333,876 boe/d.
- The refining margin decreased by 64% year-over-year to $5.00, missing the estimate of $5.83.
- Crude oil and natural gas liquids (NGL) production was at 172,000 boe/d, down 12% year-over-year, and below the estimate of 183,255 boe/d.
- Natural gas production stood at 160,000 boe/d, marking a 5.3% year-over-year decline.
- The average realized crude oil price per barrel was $78.40, a 3.4% decrease year-over-year, yet higher than the estimated $75.02.
- Overall, the third-quarter production was 332,000 boe/d, compared to 364,000 boe/d in the previous year.
- There were production limitations and lifting stops in Libya, negatively impacting the clean Operating Result by over EUR200 million in the third quarter compared to the second quarter.
- Increased sales volumes in other countries partly offset the negative impact with a positive mid-double-digit million euro effect on the result.
- One-off costs in the fuels and feedstock segment are projected to have a mid-to-high double-digit million euro impact on the third-quarter clean CCS operating result versus the second quarter.
- The investment sentiment on OMV consists of 12 buy ratings, 7 hold ratings, and 3 sell ratings.
A look at OMV AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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, an energy company that explores and refines crude oil and natural gas, has received positive ratings across various factors according to Smartkarma Smart Scores. The company scores high on Dividend and Value, indicating strong performance in these areas. Additionally, OMV AG demonstrates good Resilience and Momentum, suggesting stability and growth potential in the long term. The Growth score, while not as high as the others, still shows promise for the company’s expansion strategies.
Overall, based on the Smartkarma Smart Scores, OMV AG seems to have a solid long-term outlook, with strengths in dividend payments, value appreciation, resilience to market changes, and positive momentum. With a diverse range of operations including selling refined products and manufacturing plastics, catering to industries like automotive, electrical, and construction, OMV AG appears well-positioned for sustained growth and profitability in the future.
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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