OMV Petrom S.A. (the Company) is committed to deliver a competitive shareholder return throughout the business cycle, including paying a progressive dividend, in line with the financial performance and investment needs, considering the long term financial health of the Company.
On December 7, 2021, the Company made a stronger commitment to increase its base dividend per share by 5% - 10% per annum on average by 2030.
In a favorable market environment and at management discretion, special dividends may also be distributed, provided that the Company’s investment plans are funded.
Total dividends are estimated to represent approximately 40% of the Company’s operating cash flows for 2022-2030 in a base case price scenario.
Planning and forecasting activities in OMV Petrom are undertaken at many levels and for a wide variety of purposes. In terms of their time horizon, these activities can be classified as either strategic or operational. The most important result of the operational planning is the budget which is submitted for approval to the relevant corporate bodies.
On a monthly basis, year-end forecasts for the current year are prepared with the aim to monitor performance versus the current year budget and to trigger actions in case negative deviations occur.
Both the operational and strategic plans, including forecasts, are built starting from assumptions regarding the market development and cover operational and financial key performance indicators. The planning assumptions comprise of a set of macro-economic and business specific metrics, which are of major importance for the company. This includes:
- Key assumptions:
- Oil price Brent
- Gas price
- Refining margin
- Exchange rates
- Feedstock/product prices
- Macro-economic variables (GDP development, consumer price indices)
- Energy consumption
- Tax rates and energy taxation etc.
Our Sustainability strategy means creating long-term value for society, environment , our customers and shareholders, while being an innovative company and an employer of choice. More details on our sustainability principles can be found here: https://www.omvpetrom.com/en/sustainability