Christina Verchere, CEO OMV Petrom: “In the first quarter of the year, we delivered strong operational performance. Hydrocarbon production saw its lowest first quarter decline in five years, and the utilization rates of our refinery and power plant were high.
Our Clean CCS Operating Result decreased by 29% compared to the first quarter of 2024 to RON 1.3 billion. This was obtained in the context of decreasing crude price and refining margins, and of the regulations on the gas and power market. The latter led to a negative result of the G&P segment for the second consecutive quarter.
OMV Petrom continues to be a strategic partner for the Romanian economy, through contributions to the state budget of RON 3.8 billion, up 18%. Investments were at RON 1.4 billion, up 44% year on year in Q1/25, mainly driven by the Neptun Deep project.
These investments have supported the progress of our Strategy 2030...