“2025 was a strong year for our Strategy 2030 implementation, as we delivered tangible results for all our strategic projects, underpinned by investments at ~7.8 bn lei. Our net income decreased by 27% to ~3 bn lei, impacted by impairments related to abandonment obligations and higher E&P taxation, while our 2025 Clean CCS operating result was 10% lower yoy, at ~ 5.2 bn lei. Our contribution to the state budget through taxes and dividends remained robust, at ~ 16 bn lei,” stated Christina Verchere, OMV Petrom CEO.
„In a volatile market, our results showcased the resilience of our integrated business model, with the performance of our downstream businesses partially offsetting the impact of lower crude prices. This was particularly visible in the fourth quarter.
We expect another challenging year ahead, with high volatility in prices and sluggish economic growth, in a complex geopolitical context. Maintaining firm cost discipline within a stable fiscal and regulatory framework is critical for preserving our capacity to execute record‑high investments of ~9 bn lei.
Looking ahead, in a context of increased energy‑security focus and solid hydrocarbon demand, we have fine-tuned several strategic targets in line with expected market dynamics. We remain focused on the energy transition while adjusting our GHG targets in light of this changing demand pattern.”
Clean CCS Operating Result was RON5.2 billion, 10% lower yoy, mainly impacted by lower crude prices and volumes.
Capital expenditure amounted to RON 7,841 mn in 2025, 9% higher than in 2024 (RON 7,171 mn), out of which organic investments amounted to RON 7,712 mn, 23% higher yoy. Exploration and Production investments totaled RON 5,648 mn (2024: RON 4,459 mn), Refining and Marketing investments amounted to RON 1,812 mn (2024: RON 1,573 mn), while Gas and Power investments amounted to RON 309 mn (2024: RON 1,034 mn). Corporate and Other investments were RON 73 mn (2024: RON 104 mn).
Special items comprised net charges of RON (2,179) mn, mostly in Exploration and Production segment, mainly as a result of impairments of other financial assets related to abandonment obligations following the agreed principles between OMV Petrom and the Romanian state, as well as of net impairments for tangible assets. Special items in 2024 comprised net charges of RON (790) mn, mainly related to impairments in Exploration and Production. Inventory holding losses amounted to RON (235) mn in 2025 compared to RON (84) mn in 2024, in both periods mainly as a result of the crude oil price evolutions.
In exploration and production, Clean Operating Result decreased 27% to 2,174 mn lei, mainly due to lower prices and volumes for oil.
Refining and marketing had a better evolution. The refining margin rose by 35% to $12.4 per barrel and the operating result was stable at RON2,453.
On the gas and energy segment, the result was flat from 2024, at RON356 million.
Despite the declining profit, contribution to the state budget remained stable at around RON16 billion.
With a bourse capitalization of around RON62.5 billion, OMV Petrom remains the biggest company listed at the BVB.
(English version by Catalina Apostoiu)