OMV Petrom announces the distribution of record basic dividends of approximately 2.6 billion lei for the financial year 2023. At the same time, the period with the largest investments in the history of OMV Petrom begins, with a budget of approximately 8 billion lei for the year 2024, with 71% higher than that of 2023.

Thus, the Ordinary General Meeting of OMV Petrom Shareholders approved the Directorate’s proposal to distribute record basic dividends in the gross amount of 0.0413 lei/share for the financial year 2023, representing an annual increase of 10%. The total gross value of the dividends to be distributed amounts to approximately 2.6 billion lei, representing 64% of the net profit for the year 2023 of the OMV Petrom Group.

The dividends will be distributed to the shareholders registered on the date of registration, May 15, 2024. Approximately 1.1 billion lei will go to the Romanian shareholders, who held over 43% of the company’s shares on December 31, 2023. Of this amount, over 530 million lei will be distributed to the Romanian state, which owns, through the Ministry of Energy, 20.7% of the shares of OMV Petrom S.A.

AGOA approved an investment budget of approximately 8 billion lei which includes 6.4 billion lei planned investments and 1.6 billion lei contingent budget to cover low and zero carbon projects related to announced M&A transactions and various other opportunities that could be explored depending on economic developments.

“In 2023 we made tremendous progress in implementing OMV Petrom’s 2030 Strategy and at the same time it was a strong year for operational and financial results. Thus, we will distribute record dividends to shareholders, of approximately 2.6 billion lei. We are entering the period with the largest investments in the history of the company, for 2024 we are planning investments of 8 billion lei”, said Christina Verchere, CEO of OMV Petrom.

During the AGOA, the appointment of a new member to the Supervisory Board of OMV Petrom, namely Mr. Sorin-Dumitru Elisei, was approved for the remainder of the mandate granted to Mr. Niculae Havrileț, respectively until April 28, 2025. The appointment takes place as a result of the resignation by the latter during his mandate as a member of the Supervisory Board of OMV Petrom.

Also, within the AGOA, the renaming of KPMG Audit SRL as financial auditor for the audit of the 2024 financial statements was approved.