Finance
Austria's OMV second-quarter results meet forecasts as chemicals division surges
Published by Global Banking & Finance Review®
Posted on July 31, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 31, 2025
1 min readLast updated: January 22, 2026
OMV's Q2 results met forecasts with a strong 76% profit increase in its chemicals division, offsetting lower energy contributions.
(Reuters) -Austrian oil and gas company OMV reported second-quarter results in line with expectations on Thursday, as lower contributions from its energy and fuels and feedstock divisions were compensated by higher results at the chemicals business.
The Vienna-based firm posted a clean operating result of 1.03 billion euros ($1.18 billion) for the second quarter, in line with expectations for 1.02 billion euros, according to a company-provided consensus.
A clean operating result is based on the current cost of supply, and excludes one-off items and short-term gains and losses from energy inventory holdings.
The company's chemicals business reported for the second quarter a 76% increase in its clean operating profit to 200 million euros, citing a stronger contribution from the Borealis Group.
OMV's chemicals division, viewed as a growth engine for the company as it moves away from polluting fossil fuels, produces chemicals used in gas and water pipes, car parts and medical syringes.
($1 = 0.8747 euros)
(Reporting by Tristan Veyet in Gdansk; Editing by Christopher Cushing and Mrigank Dhaniwala)
A clean operating result refers to a company's earnings that exclude one-off items and short-term gains or losses from energy inventory holdings, providing a clearer view of ongoing operational performance.
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