OMV AG

OMV

AT0000743059

Integrated Oil & Gas

Market Closed - Wiener Boerse Other stock markets 11:35:07 2025-12-09 am EST			Pre-market 01:05:23 am
47.60 ^EUR	+0.13%		47.62	+0.04%

Dec. 05	Equinor and Saipem reinforced by Europe's shift to secure gas
Dec. 05	Romanian Brazi power plant resumes operations after state-triggered shut down	RE

OMV, Wien Energie to Jointly Develop Vienna's Geothermal Energy

Published on 03/08/2023 at 05:06 am EST

Dow Jones

OMV AG

+0.13%

WTI

+0.03%

By Giulia Petroni

OMV AG on Wednesday said that it is forming a joint venture with Austrian provider Wien Energie to develop and use deep geothermal energy in Vienna.

The two companies have previously collaborated in the exploration, planning and measurement of the geothermal potential of the eastern Vienna Basin. "Based on further exploration of the Vienna Basin and exploitation of the existing potential, deep geothermal plants are set to be developed, built, and operated," OMV said.

The JV is subject to regulatory approvals.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

03-08-23 0506ET

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	OMV AG	47.60EUR	+0.13%	-0.83%	18.12B
	WTI	58.33USD	+0.03%	-0.49%	-

Latest news about OMV AG

Dec. 05	Equinor and Saipem reinforced by Europe's shift to secure gas
Dec. 05	Romanian Brazi power plant resumes operations after state-triggered shut down	RE
Dec. 03	Austria's Verbund proposes special dividend with state set to gain	RE
Dec. 02	Romanian OMV Petrom's Brazi power plant shut down due to state water restrictions	RE
Nov. 27	European companies cut jobs in response to slowing economy	RE
Nov. 26	Austria plans to use its stakes in companies to raise 500 million euros	RE
Nov. 26	Austria plans to use its stakes in companies to lower power prices	RE
Nov. 27	European companies cut jobs in response to slowing economy	RE
Nov. 24	Serbia says it has enough fuel reserves as key refinery faces sanctions shutdown	RE
Nov. 21	Arab state-owned company can take over chemical company Covestro	DP
Nov. 12	IEA restores CPS scenario as resilient Oil demand reshapes long-term outlook
Nov. 12	Romanian national defence strategy highlights risks to Black Sea infrastructure	RE
Nov. 09	UAE's Masdar, OMV to Co-develop Green Hydrogen Plant in Austria	MT
Nov. 07	UAE's oil trading arm plans rapid global expansion, Bloomberg reports	RE
Nov. 06	Omv and Masdar sign binding agreement to develop, operate 140 MW green hydrogen plant in Austria	RE
Nov. 06	OMV AG and Masdar sign binding agreement to develop and operate new 140 MW green hydrogen plant in Austria	RE
Nov. 05	UAE's Masdar to invest in Austria's largest hydrogen project	RE
Nov. 21	OMV Aktiengesellschaft, Q3 2025 Earnings Call, Oct 29, 2025
Nov. 04	OMV CEO warns EU risks losing Qatari gas over sustainability law	RE
Nov. 04	Libya's NOC announces new oil discovery in Ghadames Basin	RE
Oct. 30	OMV : OMV: Fuel drives the quarter
Oct. 28	OMV Aktiengesellschaft Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025	CI
Oct. 29	Libya's NOC announces oil discovery in Sirte basin	RE
Oct. 29	OMV tops third-quarter profit view on fuels, chemicals demand	RE
Oct. 29	OMV Petrom Q3 net profit at 1.35 billion lei, up 4% Y/Y	RE

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Company Profile

OMV AG is the leading oil and gas group in central Europe. Net sales break down by activity as follows: - refining and distribution of hydrocarbons (48.7%). At the end of 2024, the group had 3 refineries located in Austria, Germany and Romania, and 1,702 filling stations in Europe; - exploration and production of oil and gas (26.4%): 340,000 barrels of crude oil and Liquefied Natural Gas (LNG) produced per day in 2024; - manufacturing of chemical products (24.8%): advanced polyolefins, base chemicals, fertilizers and plastics; - autres (0.1%). Net sales are distributed geographically as follows: Austria (21.1%), Romania (17.7%), Germany (15.8%), Norway (2.5%), Belgium (2.1%), Europe (29%), the United Arab Emirates (4.4%), New Zealand (0.9%), and other (6.5%).

Employees

22,855

Sector

Integrated Oil & Gas

Calendar

Jan. 15 - Q4 2025 Sales and Revenue Release - Trading Update

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