- Investments of up to 4.4 billion lei for 2022, 55% higher than in 2021
- Distribution of record high dividends in gross value of 1.9 billion lei for the financial year 2021
- Initiation of the increase of OMV Petrom share capital with the value of the land plots for which the land ownership certificates were obtained
OMV Petrom announces the resolutions passed by the OGMS and EGMS on April 27, 2022.
The OGMS has approved the budget of OMV Petrom S.A. for the current year, the distribution of dividends for the financial year 2021.
"We have a firm commitment to generating value for all our stakeholders, including the Romanian state. At the same time, we are ramping up investments, which are estimated to increase by about 55% in 2022, up to 4.4 billion lei. Almost a quarter of this budget represent contingencies, planned for the possibility of accelerating green energy projects", said Christina Verchere, CEO of OMV Petrom.
The total gross value of dividends to be distributed amounts to 1.9 billion lei. Approximately 400 million lei will be distributed to the Romanian state, which holds, through the Ministry of Energy, 20.6% of OMV Petrom S.A. share capital.
The EGMS approved the start of the operation to increase the share capital of OMV Petrom through the in-kind contribution of the Romanian state, as a result of updating the value of the land, for which the company obtained certificates attesting the ownership.
About OMV Petrom
OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of approximately 47 million boe in 2021. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency power plant. The Group is present on the oil products retail market in Romania and neighboring countries through more than 780 filling 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 the largest listed industrial companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.6% of OMV Petrom shares, and 28.4% is owned by natural and legal persons.
OMV Petrom is the largest contributor to the state budget, with approximately 35 billion euro in taxes and dividends paid between 2005 and 2021. During the same period, the company invested approximately 17 billion euro.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2021, the company has allocated over 80 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development.
On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change.