Thus, OMV Petrom, the biggest company listed on the Bucharest Stock Exchange, has budgeted RON2.84 billion net profit and RON21.3 billion revenues, while investments amount to around RON4.3 billion, against RON2.8 billion last year, in line with the budget set to be submitted to shareholders’ vote in April 27th, 2022.
The operating result budgeted for 2022 stands at RON3.4 billion, up 2% on the year, with the company expecting to benefit from the improving market environment, electricity and oil products demand stability and cost optimization programs.
The budget was drawn up on the basis of an average Brent oil price of $65 (against the $71 average of 2021), with refining margins put at around $6 per barrel. For gas, Petrom expects prices to top the 2021 level.
The biggest investments budgeted for 2022, namely RON2.7 billion, are aimed at exploitation and production. The company has also earmarked RON900 million for the likeliness of stepping up some strategic projects.
OMV Petrom’s capitalization amounts to RON27 billion.
(English version by Catalina Apostoiu)