Date: 7 months ago   Category: Energy

The net profit of the Austrian OMV in the III quarter has decreased twice — to €221 million — Rambler News Service


The net profit of the Austrian oil company OMV in the III quarter 2018 has made €221 million that is twice less than an indicator for the same period of last year, it is told in the report of the company. The net profit of the company in January — September, 2018 has made €830 million that is 6,7 times more than an indicator for the same period the previous year. Sales volume for the third quarter has increased by 20,7% and was €5,607 billion. Profit before the taxation has made €725 million that is 4,8% more, than in the third quarter 2017. The sales volume of OMV in January-September has increased by 6,4% and was €16,29 billion. Profit before the taxation in January — September of the current year has made €2,089 billion that is 2,3 times more than an indicator in nine months 2017. The net debt of the company has made €2,306 million that is 15% more than an indicator for the beginning of year (€2,005 billion). Extraction of hydrocarbons of the company has grown in the third quarter by 19,1% and has made 406 thousand barrels of an oil equivalent a day. At the same time extraction of liquid hydrocarbons has decreased by 1,8% and has made 16,3 million barrels, gas production has grown by 46% — up to 121,8 billion cubic feet. Extraction of hydrocarbons of the company in January-September has grown by 24,6% and has made 421 thousand barrels AD in days. At the same time extraction of liquid hydrocarbons has decreased by 1,6% and has made 48,2 million barrels, gas production has grown by 57,7% — up to 385,6 billion cubic feet. The OMV company — the main partner of Gazprom in Austria. The company is also a partner of Gazprom in the project of construction of the Nord Stream-2 gas pipeline.

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