Company attributes
Other attributes
About OMV Petrom
OMV Petrom is the largest energy company in Southern and Eastern Europe.
The company is active on every aspect of the energy value chain: from wells, producing oil and gas, to refining and fuels distribution, gas supply and power generation & supply. We provide the energy needed for day to day modern life: fuels for mobility, light and heat. Find out more.
Key figures
32 BN EURO
State budget contribution 2005-2020
16 BN EURO
Investment 2005-2020
~11,000
Employees
The group is the largest taxpayer and the largest private investor in Romania. It paid about 32 bn euro to the state budget in taxes and dividends between 2005-2020. During this period, the company invested approx. 16 bn euro. Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. During this period, the company has allocated over 72 million euro to develop communities in Romania, focusing on environmental protection, education, health and local development.
Strategy
OMV Petrom’s ambition is to lead the energy transition in Romania and the neighbouring region, capitalizing on emerging markets opportunities, while delivering value for all its stakeholders. The company’s vision for the future growth and transformation is underpinned by a strong capital discipline, allowing for ambitious investments and highly competitive dividend.
History
Romania has over 160 years of history in crude oil production & refining. It was among the first producing countries and one of the largest oil producers in the world at the beginning of the XXth century. Currently, after more than a century of production, most of the fields have matured and the country’s oil production is 15-20 times lower compared to Europe’s largest producers (Norway, UK). However, recent gas discoveries in deep waters of the Black Sea indicate great potential.
