OMV Petrom will distribute record basic dividends of approximately 2.8 billion lei for the financial year 2024, representing 66% of the Group’s net profit, the company announced.
The 2025 budget foresees the continuation of the ambitious investment plan, with an increase of over 20% compared to 2024, to 8.1 billion lei.
“We ended 2024 with solid operational results and made significant progress in implementing the 2030 Strategy. Strategic projects, such as Neptun Deep, are progressing according to plan. OMV Petrom is an important player in ensuring Romania’s energy security. Our commitment is to create value for all our shareholders and for Romania. The General Meeting is an important moment, in which every shareholder, including minority shareholders, has the opportunity to actively participate in the decisions that shape the future of the company,” said Christina Verchere, CEO of OMV Petrom.
Dividends of 2.8 billion lei for 2024
The General Meeting approved the distribution of a basic dividend for the financial year 2024 in a gross amount of 0.0444 lei/share, resulting in a share yield of 6.3%. The dividends will be paid starting June 3, 2025, to shareholders registered with Depozitarul Central S.A. on May 13, 2025.
The gross value of the basic dividend is 7.5% higher than the previous year.
The total value of the dividends for 2024 amounts to 2.8 billion lei, representing 66% of the net profit and 43% of the cash flow from operational activities of the OMV Petrom Group in 2024. Of this amount, approximately 1.2 billion lei will go to Romanian shareholders, who held over 44% of the company’s shares as of December 31, 2024. Over 570 million lei will be distributed to the Romanian state, which holds, through the Ministry of Energy, 20.7% of the shares of OMV Petrom S.A.
Investments of 8.1 billion lei
The General Assembly also approved the 2025 budget of OMV Petrom S.A., which provides for investments of approximately 8.1 billion lei, an increase of over 20% compared to 2024. About 70% of the investments in 2025 will be directed to the Exploration and Production segment. Important stages are planned in the development of Neptun Deep – a strategic project for OMV Petrom and for Romania: drilling of production wells has begun, the production platform is under construction, the systems related to the underwater infrastructure are being manufactured, work is underway on the construction of the support vessel for production operations, as well as the construction of the natural gas metering station.
Changes at the Supervisory Board level
Given that the current mandates of all members of the Supervisory Board expire on April 28, 2025, the OGMS voted on the composition of the Supervisory Board of OMV Petrom for the next four-year mandate, starting with April 28, 2025 until April 28, 2029, as well as their remuneration for the current year 2025.
The following received a new mandate: Sorin Dumitru Elisei, Berislav Gaso, Răzvan Eugen Nicolescu, Alfred Stern, Katja Tautscher, Martijn van Koten, Jochen Weise. They are joined by two new members: Christine Catasta and Teodora Elena Preoteasa.
The OGMS also approved the reappointment of KPMG Audit SRL as financial auditor for the audit of the 2025 financial statements.
Update of the Articles of Association of OMV Petrom S.A., approved by the EGMS
The Extraordinary General Meeting of OMV Petrom shareholders, convened on the same day, approved the update of the company’s Articles of Association. The changes reflect the update of the scope of activity in accordance with the new Classification of Activities in the National Economy – CAEN Rev. 3, which entered into force in January 2025, as well as the update of secondary activities, in accordance with this and with the evolution of the business model.
The company’s main scope of activity remained the same under the CAEN Rev. 3 coding “0610 – Extraction of crude oil”, which includes the activities of exploration and exploitation of oil and natural gas deposits.
OMV Petrom is the largest integrated energy producer in South-Eastern Europe, with an annual group-wide crude oil and gas production of approximately 40 million boe in 2024. The Group has a refining capacity of 4.5 million tons per year and operates a high-efficiency 860 MW natural gas-fired power plant.
In the retail distribution market of petroleum products, the Group is present in Romania and neighboring countries through approximately 780 gas stations, under two brands – OMV and Petrom.
At the end of 2024, Romanian shareholders held over 44% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 23.7% are held by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds 51.2% of OMV Petrom shares, and the remaining 4.5% are held by other foreign investors. Of the total OMV Petrom shares, 28.1% are freely traded on the Bucharest Stock Exchange.
