Strategy Update 2021+ builds on the strong foundation of the 2012 - 2016 performance to deliver sustainable value creation and attractive shareholder returns. Leveraging its Romanian skills and expertise, OMV Petrom is committed to maintain and strengthen its position as a leading energy player in the region, ensuring its long-term growth, focusing on opportunities that Romania still offers while enhancing customer experience and developing its portfolio through regional expansion.
The strategy will drive performance through three key pillars:
- Enhancing competitiveness in the existing portfolio
- Developing growth options
- Regional expansion
With a clearly defined execution plan, the strategy will address the sustainability of the reserve base, target the maximization of operational efficiency and explore opportunities along the value chain, preparing the company for new developments in the energy sector. Strategy implementation will ensure improved profitability while maintaining a strong balance sheet and offering attractive shareholder returns.
Success of the strategy is fueled by three enablers:
- People and Organizational Culture
- Technology and Innovation
For more details please see the attached "Strategy Update 2021+" presentation.
The information herein represents the strategic directions of OMV Petrom and may be interpreted as forward looking statements subject to uncertainties, risks and regulatory changes which may cause the actual results/performance of OMV Petrom to be materially different. Under no circumstances may be deemed as representation/warranties of OMV Petrom or of its management regarding the company’s’ future results as well as a recommendation/ offer / invitation to subscribe for or purchase any securities.