- All the proposals of the Executive Board were approved
- OMV Petrom will distribute record base dividends of approximately 2.8 billion lei for the 2024 financial year, representing 66% of the Group's net profit
- The 2025 budget of OMV Petrom S.A. was approved, which provides for the continuation of the ambitious investment plan: over 20% increase compared to 2024, to 8.1 billion lei
The general shareholders’ meetings of OMV Petrom S.A. - ordinary and extraordinary - held on April 24 approved all the proposals submitted by the Executive Board, including the distribution of record dividends, amounting to 2.8 billion lei for the financial year 2024, as well as the 2025 budget, which allocates 8.1 billion lei for investments, an over 20% increase compared to previous year.
"We ended 2024 with solid operational results and made significant progress in implementing the Strategy 2030. Strategic projects, such as Neptun Deep, are advancing according to plan. OMV Petrom is a key player in ensuring Romania's energy security. We are committed to creating value for all our shareholders and for Romania. The General Meeting is a crucial event where each shareholder, including minority shareholders, can actively participate in decisions which are shaping the future of the company", said Christina Verchere, CEO OMV Petrom.
Dividends of 2.8 billion lei for 2024
The General Meeting approved the distribution of a base dividend for the financial year 2024 in the gross amount of 0.0444 lei per share, resulting in a dividend yield of 6.3%. The dividends will be paid starting June 3, 2025, to shareholders registered with Depozitarul Central S.A. on May 13, 2025.
The gross value of the base dividend is 7.5% higher than in the previous year.
The total dividends for 2024 amount to 2.8 billion lei, representing 66% of the net profit and 43% of the operating cash flow of OMV Petrom Group for 2024. Of this amount, approximately 1.2 billion lei will go to Romanian shareholders, who held over 44% of the company's shares as of December 31, 2024. Over 570 million lei will be distributed to the Romanian state, which holds 20.7% of OMV Petrom S.A. shares through the Ministry of Energy.
Investment of 8.1 billion lei
The General Shareholders’ Meeting also approved the 2025 budget of OMV Petrom S.A., which allocates approximately 8.1 billion lei for investments, an over 20% increase compared to 2024. About 70% of the 2025 investments will be directed towards the Exploration and Production segment. Significant milestones are planned for the development of Neptun Deep – a strategic project for OMV Petrom and Romania: drilling of production wells started, the construction of the production platform, the manufacturing of systems related to the underwater infrastructure, the construction of the support vessel for production operations and the construction of the natural gas metering station are all ongoing.
Changes in the Supervisory Board
Given that the current mandates of all members of the Supervisory Board expire on April 28, 2025, the OGMS voted to appoint nine members to the Supervisory Board of OMV Petrom for a four-year term, from April 28, 2025, to April 28, 2029, along with their remuneration for the current year 2025.
Sorin Dumitru Elisei, Berislav Gaso, Răzvan Eugen Nicolescu, Alfred Stern, Katja Tautscher, Martijn van Koten, and Jochen Weise were granted new mandates. They are joined by two new members: Christine Catasta and Teodora Elena Preoteasa.
Details about the members of the Supervisory Board appointed today can be found on the company's website, section “General Meeting of Shareholders”, sub-section 2025.
At the OGMS, the reappointment of KPMG Audit SRL as the financial auditor for the audit of the 2025 financial statements was also approved.
Update of the Articles of Association of OMV Petrom S.A., approved by the EGMS
The Extraordinary General Meeting of OMV Petrom shareholders, convened on the same day, approved the update of the company's Articles of Association. The changes reflect the update of the object of activity in accordance with the new Classification of activities in the national economy - NACE Rev. 3, which came into force in January 2025, as well as the update of secondary activities in accordance with this and the evolution of the business model.
The main object of activity of the company remained the same also under NACE Rev. 3 codification, being "0610 - Extraction of crude oil," which includes the exploration and exploitation of oil and natural gas deposits.
About OMV Petrom
OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 40 million boe in 2024. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands – OMV and Petrom.
OMV Petrom is a company in which, as of end-2024, Romanian shareholders hold over 44% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 23.7% are owned by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.2% stake in OMV Petrom, and the remaining 4.5% are held by other foreign investors. Of the total shares of OMV Petrom, 28.1% represents the free float on the Bucharest Stock Exchange.
OMV Petrom is one of the largest contributors to the state budget, with around 44 billion euro in taxes and dividends paid between 2005 and 2024. During the same period, the company invested approximately 20 billion euro.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2024, the company has allocated around 190 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development.
Our commitment to climate change mitigation is reflected by our consistent efforts to reduce our emissions, with the long-term goal to achieve net zero operations by 2050.