OMV Petrom records near‑full refinery use but 14% profit fall amid Romanian crisis measures

OMV Petrom reported that its Petrobrazi refinery operated at 97% capacity in the first half of 2026, benefitting from Brent crude prices above $92 per barrel. Consolidated revenues rose 25% to 21.3 billion lei and the adjusted operating result increased 21% to nearly 3 billion lei. Despite the strong operating performance, net profit attributable to shareholders fell 14% to 1.8 billion lei and cash reserves were halved, largely due to government interventions such as the crisis decree, fuel margin caps and higher effective tax rates.

The company also confirmed that it has secured sufficient crude oil volumes for processing in August and, to a large extent, September, ensuring continued product supply. Management is still assessing the financial impact of the pending crisis‑state legislation on the supply chain and profitability.