The company will publish its financial results on July 31.
The group’s total hydrocarbon production reached 102.2 thousand barrels of oil equivalent (boe) per day in Q2/2025, down around 7.2% from Q2/2024. The decline is mainly due to falling output of oil, as well as gas.
Crude oil and condensate hit 48.4 thousand boe/day, down 4.2 thousand boe/day from the year-earlier period, while gas production went down to 53.8 thousand boe/day, from 57.5 thousand boe/day.
At the same time, the total volume of hydrocarbon sales dropped to 96.9 thousand boe/day, down 8% from Q2/2024.
Brokers say the production decline, doubled by falling oil prices and lower refining and energy activity will weigh on the financial results of Q2/2025.
Petrom has a RON48 billion capitalization. Since the start of 2025, its shares have added 8.6%.
(English version by Catalina Apostoiu)