Details

Last Funding Type

Post-IPO Secondary

Industries

Energy,Natural Resources,Oil and Gas

Founded date

Jan 1, 1956

Number Of Employee

10001 - max

Operating Status

Active

OMV AG (OMV) is an Austria-based integrated oil and gas company. It operates through two segments: Upstream and Downstream. The Upstream segment focuses on the exploration, development, and production of oil and gas in three core regions: Central and Eastern Europe (CEE), the North Sea, as well as the Middle East, and Africa. The Company owns proven reserves of approximately 1.03 billion barrels of oil equivalent (boe) and has a production capacity of over 300 thousand barrels of oil equivalent per day (kboe/d). The Downstream segment comprises two business units: Downstream Oil, which operates around 3,800 filling stations in approximately 10 countries, refineries in Austria and Germany, both of which feature integrated petrochemical production, as well as the Petrobrazi refinery in Romania, which processes predominantly Romanian crude oil, and Downstream Gas, that focuses on gas trade and sales, as well as owns a pipeline network and gas storage facilities in Austria.