Romania's OMV Petrom quarterly profit sinks 57% on weaker prices, regulatory pressure
(Reuters) -Romanian oil and gas group OMV Petrom reported a 57% slump in fourth-quarter adjusted operating profit on Tuesday, citing weaker commodity prices and the impact of gas and power regulations.
OMV Petrom profit up 4% to EUR 840 mln despite lower revenues in 2024
OMV Petrom Group (BVB: SNP) reported a net profit of RON 4.2 billion for 2024, up 4% from RON 4 billion the previous year, according to preliminary unaudited consolidated data announced by the company on February 4.
OMV Petrom's 2024 profit edges up in absence of solidarity tax
OMV Petrom's consolidated adjusted current cost of supplies (CCS) operating result declined by 32% to 5.729 billion lei in 2024, mainly due to weaker commodity prices and the impact of gas and power regulations.
OMV Petrom's operating profit slumps 57% on weaker prices, regulatory pressures
Romanian oil and gas group OMV Petrom reported a 57% slump in its fourth-quarter adjusted operating profit on Tuesday, citing weaker commodity prices and the impact of gas and power regulations. The Bucharest-listed company posted an adjusted operating profit of 955 million lei ($197.
OMV Petrom operating profit falls 57% due to lower prices and regulatory pressures
The Romanian oil-and-gas group OMV Petrom announced a 57% drop in its adjusted operating profit for the fourth quarter on Tuesday.
OMV Petrom reports 57% decline in quarterly profit
The company, majority-owned by Austria's OMV, faced lower oil prices, reduced sales volumes, and declining refining and sales margins.
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