OMV Petrom has published its financial results for the first nine months of 2024, showcasing a solid performance despite a challenging market environment marked by price volatility and increased regulatory pressures. The company recorded an operating result, excluding special items, of 4.8 billion RON. This figure, though lower than last year, reflects OMV Petrom’s resilience and the benefits of its integrated operations. Additionally, OMV Petrom’s net profit soared to 3.9 billion RON, a significant increase from 2.5 billion RON in the same period last year, reinforcing its financial strength and strategic direction.

CEO Christina Verchere noted that while demand for the company’s products has risen slightly, the market continues to experience considerable volatility, particularly with declining natural gas and electricity prices and shrinking refining margins. She emphasized that OMV Petrom’s consistent focus on efficiency and its ability to navigate a demanding regulatory landscape have helped sustain these results. The company’s contributions to the state budget also remained steady, reaching around 12.5 billion RON, underscoring its economic role in Romania.

A standout achievement for OMV Petrom this year has been its record-level investments. The company directed 4.8 billion RON into strategic projects during this period, representing a 41% increase compared to last year. These investments reflect OMV Petrom’s commitment to its long-term goals, with over 40% allocated to high-impact projects, such as the Neptun Deep offshore gas development, renewable energy initiatives, and the expansion of its electromobility infrastructure.

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