Of the total, the crude oil and condensate production stood at 50.1 thousand boe per day in Q1/2025, lower by 6.4% vs Q1/2024 and by 0.8% versus the fourth quarter of 2024. The natural gas production reached 57.4 thousand boe per day, down 1.2% from Q1/2024 and up 1.2% against Q4/2024, as per a report published at the Bucharest Stock Exchange on Tuesday (April 8).
Total hydrocarbon sales stood at 102.2 boe per day in Q1/2025, down 4% vs Q1/2024 and up 0.2% vs Q4/2024. Total sales of refined products reached 1.2 million tons, down 7% from Q1/2024 and 16.7% lower than in Q4/2024.
The report also shows that the average price of Brent crude oil fell from $83.16 in Q1/2024 to $75.73 in Q1/2025. Natural gas sales to third parties advanced 11.9% to 10.26 TWh in Q1/2025 vs Q1/2024 and climbed 4.8% compared to Q4/2024.
OMV Petrom ended 2024 with RON35.8 billion sales, down 8% from 2023, while net profit climbed by 4% to RON4.2 billion, largely amid the elimination of the tax on refined crude oil.
SNP shares have gained 4.4% over the last year, amid deals worth RON2 billion a market value of nearly RON45 billion. OMV Petrom is 51.2%-owned by Austria’s OMV and 20.7% by the Romanian State through the energy ministry.