SPONSOR

 

OMV Petrom is the largest integrated energy company in South-East Europe, with an annual group-wide oil and gas production of around 47 million boe in 2021. The group has a refining capacity of 4.5 million tonnes per year and operates an 860 MW high-efficiency power plant. In the retail petroleum products distribution market, the Group is present in Romania and neighbouring countries through approximately 790 service stations under two brands, OMV and Petrom.

OMV Petrom shares are traded on the Bucharest Stock Exchange and the London Stock Exchange. OMV Aktiengesellschaft, one of Austria's largest listed industrial companies, holds 51% of OMV Petrom shares. The Romanian State, through the Ministry of Energy, holds 20.6% of OMV Petrom shares, and 28.4% are held by individuals and companies.

 OMV Petrom is the largest contributor to the state budget, with around €35 billion in taxes and dividends paid between 2005 and 2021. During the same period, the company invested around €17 billion.

 
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FUTURE PLANS

 

Since 2007, OMV Petrom has integrated the principles of corporate responsibility into its business strategy. Between 2007 and 2021, the company has allocated more than 80 million euros for the development of communities in Romania, focusing on environmental protection, education, health and local development.

 On 29 July 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) on the risks and opportunities associated with climate change.