OMV rumoured to be considering upstream/downstream split ahead of its Capital Markets Day
OMV coy on possible upstream/downstream split
The Austrian firm is not ruling anything out ahead of a March strategy update
“I do not want to comment on rumours that were picked up—I do not know how—in the press.” So said Alfred Stern, the relatively new CEO of Austrian oil and gas firm OMV, in response to an early February analyst question on whether the company was considering splitting its upstream and downstream activities into separate concerns. “I would like to reference 16 March, where we will make a presentation of our strategy [and] how we are going to move forward.” The lack of a firm denial may serve only to increase speculation that March’s Capital Markets Day (CMD) will see the Austrian integrated player announce such plans. So will a split occur? “It is a likely scenario,” Tamas Pletser, oil and gas
Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
