OMV Q2 update shows lower energy prices, rising chemical margins

July 08, 2025 04:23 PM AEST | By EODHD

Google News:

OMV Q2 update shows lower energy prices, rising chemical margins — Image source: Kalkine Media

Recent News

Clean Energy Funding Gaps in Southeast Asia Signal Growing Sustainabil...

NewPeak Metals (ASX:NPM) Advances Tansey Gold Project with Acquisition...

North Stawell (ASX:NSM) Boosts Board With New Appointment — Gold All O...

MTM Critical Metals (ASX:MTM) strengthens US footprint with strategic...

Investing.com -- OMV on Tuesday reported a decline in energy prices and production volumes in the second quarter of 2025, while chemical margins increased, according to its provisional trading update released Tuesday. Brent crude averaged $67.88 per barrel, down from $75.73 in the first quarter and $84.97 in the same period last year. OMV’s realized crude oil price dropped to $66.2 per barrel, its lowest level in five quarters. Natural gas prices also fell. The average THE natural gas price was €36.37 per megawatt hour, compared with €43.69 in the first quarter.

The CEGH price dropped to €38.83 per megawatt hour. OMV’s realized natural gas price declined to €29.3 per megawatt hour from €38.2. Total hydrocarbon production decreased to 304,000 barrels of oil equivalent per day (kboe/d), from 310,000 in the prior quarter. Crude oil and NGL production was 179,000 kboe/d, nearly unchanged. Natural gas output dropped to 125,000 kboe/d from 132,000.

Sales volumes followed a similar trend. Total hydrocarbon sales were 276,000 kboe/d, down from 282,000. Crude oil and NGL sales were 169,000 kboe/d, and natural gas sales were 107,000 kboe/d. In the chemicals segment, margins rose across all major indicators. The ethylene margin in Europe increased to €589 per ton, up from €529 in the previous quarter.

Propylene rose to €467 per ton from €400. Polyethylene and polypropylene margins reached €492 and €377 per ton, respectively. Steam cracker utilization in Europe fell to 82%, compared with 90% in the first quarter. Polyolefin sales volumes totaled 1.63 million tons, slightly higher than 1.59 million tons in Q1. Of that, 1.05 million tons were sold outside joint ventures.

Polyethylene and polypropylene joint venture volumes were 0.34 million and 0.18 million tons, respectively. In refining, OMV’s European Brent-based indicator margin rose to $8.08 per barrel from $6.65. Refinery utilization declined to 83%, down from 92%. Fuels and other sales volumes increased to 4.20 million tons from 3.52 million. The average euro-to-dollar exchange rate strengthened to 1.134, up from 1.052 in the first quarter.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.