OMV Petrom Group results for January – September and Q3 2019

including unaudited interim condensed consolidated financial statements as of and for the period ended September 30, 2019

Highlights Q3/19 vs Q3/18

Group

• Clean CCS Operating Result at RON 1.2 bn, 27% lower
• Clean CCS net income attributable to stockholders at RON 1.0 bn, down 26%
• Cash flow from operating activities at RON 2.1 bn, 12% lower
• CAPEX at RON 1.1 bn, up 8%
• Clean CCS ROACE at 14.7%, 3 pp higher

Upstream

• Clean Operating Result at RON 546 mn, down 43%, mainly driven by lower oil prices and hydrocarbon volumes
• Production decreased by 6.2%, mostly due to natural decline and the transfer of marginal fields
• OPEX at USD 10.45/boe, stable

Downstream Oil

• Clean CCS Operating Result at RON 580 mn, 7% higher, capturing increased demand for refined products and excellent operational performance
• OMV Petrom indicator refining margin at USD 6.46/bbl, down 2%
• Refinery utilization rate at 99%; retail volumes up 4%

Downstream Gas

• Clean Operating Result at RON 57 mn, down 40% (Q3/18 included Brazi power plant insurance revenues)
• Gas sales volumes up 37% yoy, built on third-party supply; net electrical output at 1.00 TWh, stable
• OMV Petrom supplies the gas and power regulated markets; 4.47 TWh of gas were delivered in Q3/19 to the households and district heating for households suppliers and 0.48 TWh to the power regulated market suppliers, as per the set allocations

Results report (PDF, 993,1 KB)

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Contact:
OMV Petrom Investor Relations
Tel: +40 372 161930, Fax: +40 372 868518
E-mail: investor.relations.petrom@petrom.com