- OMV’s first quarter production was 352,000 barrels of oil equivalent per day (boe/d), falling short of the estimated 363,998 boe/d.
- The refining margin was $10.76, surpassing the estimated $10.11.
- Crude oil and Natural Gas Liquids (NGL) production was 187,000 boe/d, slightly exceeding the estimated 185,349 boe/d.
- Natural gas production was at 165,000 boe/d.
- The average realized crude oil price per barrel was $79.50.
- Compared to the fourth quarter of 2023, there was a substantial decrease in retail and commercial margins.
- Investment ratings for the company stood at 10 buys, 6 holds and 6 sells.
A look at OMV AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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 that explores for and refines crude oil and natural gas, has a positive long-term outlook according to the Smartkarma Smart Scores. The scores, which range from 1 to 5, indicate the company’s overall performance in different areas. With a value score of 4 and a dividend score of 5, OMV AG is considered to be a strong performer in terms of financial stability and returns for its shareholders. While the company scores a 3 in growth, it still shows potential for future expansion. In terms of resilience and momentum, OMV AG receives scores of 4 and 5 respectively, indicating its ability to withstand market fluctuations and maintain a strong upward trend.
OMV AG‘s core business of refining and selling refined products has allowed the company to establish a strong presence in the automotive, electrical, and construction industries. In addition, the company’s diversification into manufacturing plastics, specifically polyolefins and technical plastics, has helped to further solidify its position. With its strong financial performance and ability to adapt to changing market conditions, OMV AG is well-positioned for long-term success.
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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