• 11/26/2024

OMV Profits Hit by Lower Prices

Wall Street Journal

OMV posted a 67% drop in adjusted net profit in the second quarter after market prices fell from record-high levels, and for the year, it forecast an average Brent price of $75-$80 and an average realized gas price of around EUR30.

https://www.wsj.com/articles/omv-2q-profit-slumped-amid-lower-market-prices-b6bbd954