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The taxes paid by OMV Petrom ensured 7% of Romania's fiscal revenues for 2022

  • OMV Petrom contributed with approximately RON 20 billion to the Romanian state budget for 2022, almost double compared with 2021

OMV Petrom, the largest integrated energy company in South-Eastern Europe, continued to be, in 2022, the largest taxpayer in the Romanian economy and provided 7%[1] of Romania's fiscal revenues to the consolidated state budget. Direct and indirect taxes and contributions represented over RON 19 billion, while base and special dividends amounted to about RON 1 billion.

Direct taxes paid by OMV Petrom had the biggest increase, reaching approximately RON 10 billion, almost 4 times higher compared to 2021. These include corporate income and other direct taxes, oil & gas royalties and numerous supplementary taxes and contributions applicable to oil and gas extraction, fuel products sales, electricity production, gas and electricity trading. Out of this amount, supplementary taxes and contributions represented RON 7.3 billion.

Christina Verchere, CEO of OMV Petrom: "OMV Petrom had record contributions to the state budget in 2022. These totaled almost RON 20 billion, while our net income amounted to RON 10 billion. We paid all our taxes and contributions on time, and we voluntarily complied with the measures taken by the Romanian Government for the partial compensation of fuel prices. For 2023, the company has planned investments of RON 6 billion, the equivalent of around 60% of the net profit obtained in 2022. We are a Romanian company, with a major role in the country’s energy sector, supplying more than a third of the natural gas, oil and fuel needs and approximately 10% of the electricity production."

OMV Petrom's financial results reflected the unprecedented market context, with high and volatile international prices of energy products, but also the effects of significant modernization investments and diversification of its operations, both in Romania and on a regional basis.

[1] Calculations are based on the budget execution for the year 2022, published on the website of the Min. of Finance.

About OMV Petrom  

OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of approximately 43 million boe in 2022. 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 approximately 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 51.2% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.7% of OMV Petrom shares, and 28.1% represents the free float. 

OMV Petrom is the largest contributor to the state budget, with approximately 39 billion euro in taxes and dividends paid between 2005 and 2022. 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 2022, the company has allocated around 120 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.