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OMV Petrom Group results for First quarter 2024

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OMV Petrom Group’s consolidated unaudited results for January – March 2024 prepared in accordance with the International Financial Reporting Standards.

First quarter 2024 (Q1/24) vs. first quarter 2023 (Q1/23)
Consolidated sales revenues decreased by 10% compared to Q1/23, negatively impacted by lower prices for natural gas and electricity, as well as lower sales volumes of natural gas, partially offset by higher sales volumes of electricity and refined products. Refining and Marketing segment represented 72% of total consolidated sales, Gas and Power segment accounted for 28%, while sales from Exploration and Production segment accounted only for 0.2% (sales in Exploration and Production
being largely intra-group sales rather than third-party sales).

Information Source: Read full report

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