OMV will earn more than two billion Euros this year, according to firm chief Wolfgang Ruttenstorfer.Asked whether the oil and gas companys earnings before interest and taxes (Ebit) will take the two-billion-Euro hurdle this year, Ruttenstorfer said today (Thurs) that there was “no doubt” about it. The internationally operating firms Ebit in the first three […]
A group of leading businessman has publicly backed OMV boss Wolfgang Ruttenstorfer who faces legal action for alleged insider trading.The entrepreneur, who has headed the oil and gas company since 2002, will be in court in January after the state prosecution decided to press insider dealing charges.Ruttenstorfer acquired OMV stakes worth 632,000 Euros in March […]
Mineral oil firm OMV has the highest-earning board members in Austria, a report has shown.The study by investors protection group IVA found that OMVs six-member board raked in 10.2 million Euros in “crisis year” 2009, up from 8.3 million Euros in the previous year.IVA examined Austrian firms quoted on the Vienna Stock Exchanges (WBAG) Prime […]
OMV managed to raise earnings and turnover in the first half of this year.The Vienna-headquartered oil and gas firm said today (Weds) turnover soared by 31 per cent to 11,015 billion Euros compared to the first six months of 2009. Analysts expected the companys turnover to increase by just 25 per cent year on year.The […]
The Romanian Ministry of Economy intends to put up 11.84 per cent shares in OMVs Romanian subsidiary Petrom for sale, it was reported yesterday (Thurs).The Ministry published a draft resolution saying it intended to sell a package of 6.7 million shares accounting for 11.84 per cent of the share capital of SC OMV Petrom.Romanian Times […]
New EU Energy Commissioner Günther Oettinger called the Nabucco natural gas pipeline project “especially worthy of financial support” today (Thurs).He claimed it would significantly reduce Europes energy dependence on one supplier during presentation of the European Commissions (EC) financial assistance for 31 natural gas and 12 electricity projects.Oettinger noted that Nabucco, in which Austrian oil […]
Austrian oil and gas producer OMV reported today (Thurs) that its net profit had declined by 58 per cent year on year to 572 million Euros in 2009.Turnover fell by 30 per cent year on year to 17.92 billion Euros last year. Analysts had expected a decline of 26.5 per cent in turnover and 65.2 […]
Austrian oil and gas producer OMV announced today (Tues) it had discovered natural gas and gas condensate during exploratory drilling in southern Tunisia.OMV said the find had occurred at the Fella-1 field there.OMV board member Helmut Langanger said: “The series of very promising finds in exploration block Jenein South has strengthened our resolve to continue […]