Petrom reported a record net profit of RON3.76 billion (EUR887 million) in 2011, of which RON1.75 billion will be paid in dividends.
The company will allot RON209.4 million to reserves.
Shareholders also approved an investment budget of RON5.2 billion, 6% higher on the year, most of which intended for exploration and production activities.
OMV Petrom is 51%-owned by Austria’s OMV (OMV.VI).
On the Bucharest market Friday, Petrom last traded Thursday at RON0.405 a share, up 1.1% on the day. (EUR1=RON4.3747)