Libya declares OMV oil discovery commercially viable, expects 5,000 bpd output
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Market Closed –
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5-day change | 1st Jan Change | ||
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61.50 EUR |
+0.33% | +4.24% | +29.42% | |
Published on 07/16/2026
at 07:04 pm EDT
Reuters
© Reuters –
2026
OMV AG is the leading oil and gas group in central Europe. Net sales break down by activity as follows:
– refining and distribution of hydrocarbons (48.7%). At the end of 2024, the group had 3 refineries located in Austria, Germany and Romania, and 1,702 filling stations in Europe;
– exploration and production of oil and gas (26.4%): 340,000 barrels of crude oil and Liquefied Natural Gas (LNG) produced per day in 2024;
– manufacturing of chemical products (24.8%): advanced polyolefins, base chemicals, fertilizers and plastics;
– autres (0.1%).
Net sales are distributed geographically as follows: Austria (21.1%), Romania (17.7%), Germany (15.8%), Norway (2.5%), Belgium (2.1%), Europe (29%), the United Arab Emirates (4.4%), New Zealand (0.9%), and other (6.5%).
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Buy
Average target price
60.42EUR
Spread / Average Target
-1.76%
Quarterly revenue – Rate of surprise
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