OMV Aktiengesellschaft (OMVI) AI Stock Analysis

Company Guidance

For 2026, OMV forecasts the average dated Brent price at above $95/bbl, the average THE gas price at above EUR 55/MWh, and the average realized gas price at around EUR 45/MWh; Energy production is estimated at around 290,000 BOE, at the upper end of the previous range, Fuels’ refining indicator margin at around $25/bbl and refinery utilization above 90%, while Chemicals’ steam cracker utilization rate is estimated at above 80%. Borouge International is expected to show a notable improvement in the fourth quarter, with Borouge PLC utilization above 90% in October, first integration-synergy benefits in Q4 2026, EUR 200 million of annual run rate EBITDA synergies supporting EBITDA already in the fourth quarter and full contribution in 2027; OMV Group CapEx is estimated at around EUR 3.5 billion and the full-year Clean tax rate between 35% and 40%. Neptun Deep first gas is targeted for the first half of next year, plateau production by the end of the third quarter of 2027 at approximately 140,000 BOE/D for nearly 10 years, including 70,000 BOE/D net to OMV Petrom, and around EUR 500,000,000 per year to Clean Operating Result at full plateau production.