Consolidated sales revenues increased by 160% compared to Q2/21, mainly supported by higher commodity prices and higher sales volumes of petroleum products and electricity. Refining and Marketing segment represented 61% of total consolidated sales, while Gas and Power segment accounted for 39%.
Sales from Exploration and Production segment accounted only for 0.1% after the divestment of Kazakhstan subsidiaries in Q2/21 (sales in Exploration and Production being largely intra-group sales rather than third-party sales).
Reported Operating Result for Q2/22 increased to RON 3,532 mn, compared to RON 531 mn in Q2/21, mainly driven by the higher prices market environment.
Petrom also reported it generated net profit of RON4.6 billion in the first six months of this year, compared with RON980 million in the same period of 2021, namely a 374% increase, and reached sales of RON25.6 billion, up 153%.
This is the best year-half in the company’s history.
The company is 51% controlled by Austria’s OMV, while the Romanian state holds a 20.6% stake.
(English version by Catalina Apostoiu)