At the level of the first nine months of 2023, the company generated RON2.5 billion net profit, compared with RON9.2 billion, and RON28.5 billion revenues, down from RON44.3 billion.
According to Christina Verchere, OMV Petrom CEO, the company’s results for the first nine months of 2023 reflect a background with much lower energy prices and falling demand for gas and electricity, being also affected by the fallout of planned revision works for Petrobrazi refinery and Brazi station. In 3Q/2023, the company boasted strong operational performance.
In the same period, the company’s investments were almost 50% higher, at RON3.4 billion, while contributions to the state budget, reached RON12.4 billion. At the same time, special dividends worth almost RON600 million, were distributed to the Romanian state in October, added Petrom CEO.
OMV Petrom has a RON34.3 billion bourse capitalization. In 2023, its shares have climbed by 31%.
(English version by Catalina Apostoiu)