OMV posts 65% profit jump in Q2 2026 amid soaring energy prices

OMV Q2 2026 profit energy prices refinery margins CEO transition

The Austrian oil, gas and chemicals group OMV reported a 65 percent rise in its adjusted operating profit before special items (CCS) for the second quarter of 2026, reaching €1.71 billion. The half‑year adjusted operating result climbed to €2.7 billion, up from €2.2 billion a year earlier, driven by a sharp rebound in Brent crude prices – about $104 per barrel, 53 percent higher than the previous year – and higher European gas prices.

Refinery margins surged, with the European reference margin hitting $20.33 per barrel and refinery utilisation at 90 percent, while the chemicals division posted an operating result of €429 million, boosted by the new joint venture Borouge International. OMV also announced a total dividend of €4.40 per share for FY 2025, comprising a €3.15 regular dividend and a €1.25 special dividend.

CEO Alfred Stern, who is leaving the board, warned of “irrational market distortions” and supply‑chain challenges but said Austria’s energy security remains assured. He will hand over the chief‑executive role to Emma Delaney in September 2026. The company expects the Neptun Deep gas project in Romania to start delivering gas in 2027, adding roughly 2.5‑3 percent of EU gas demand.

Entities: Alfred Stern · Borouge International · Devon Energy · Emma Delaney · Neptun Deep · OMV · OMV AG · OMV Petrom

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 4 SOURCES] OMV's chemicals segment posted an operating result of €429 million, helped by the Borouge International joint venture. (OMV)
[● 3 SOURCES] Brent crude oil averaged about $104 per barrel in Q2 2026, a 53 percent increase year‑on‑year. (OMV)
[● 5 SOURCES] OMV's adjusted operating profit before special items (CCS) in Q2 2026 increased 65 percent year‑on‑year to €1.71 billion. (OMV)
[● 3 SOURCES] CEO Alfred Stern will be succeeded by Emma Delaney in September 2026. (OMV)
[● 3 SOURCES] OMV declared a total dividend of €4.40 per share for FY 2025, comprising €3.15 regular and €1.25 special dividend. (OMV)
[● 4 SOURCES] The European refinery reference margin rose to $20.33 per barrel in Q2 2026. (OMV)
[● 2 SOURCES] The Neptun Deep gas project in Romania is expected to start production in 2027, supplying about 2.5‑3 percent of EU gas demand. (OMV)
[● 2 SOURCES] OMV's half‑year adjusted operating profit reached €2.7 billion, up from €2.2 billion in the prior year. (OMV)