OMV Petrom Group presents the results for January – June 2022 including the unaudited interim consolidated simplified financial statements as of and for the period ended June 30, 2022

Key figures and events

• CCA operating result excluding special items significantly higher, of 5.9 billion lei, in the unprecedented context of high and volatile commodity prices generated by the geopolitical context
• Investment value of 1.4 billion lei
• Record contribution to the state budget, including basic dividends, of 9.2 billion lei Exploration and Production
• The operating result excluding special items was 3 billion lei vs. 0.8 billion lei in 1-6/21, mainly determined by the higher prices of crude oil and natural gas and the favorable exchange rate (stronger dollar against of leu), partially offset by higher taxation in exploration and production and lower sales volumes
• Production decreased by 11% to 121 thousand boe/d, mainly due to asset sales and the sharp natural decline in the main fields • Production cost increased slightly to $12.6/boe due to lower available-for-sale production and increased expenses, partially offset by favorable exchange rate (stronger dollar vs. leu) and positive impact from Q2/ 22 of an element of a non-recurring nature in connection with a fiscal control Refining and Marketing
• CCA operating result excluding special items of 1.8 billion lei, vs 0.7 billion lei, as a result of the improved refining margin, the increase in fuel demand in the first quarter and the good refining performance
• OMV Petrom refining margin indicator (relative to Brent) at USD 15.20/bbl, as a result of better differentials, mainly for diesel and gasoline
• Refinery utilization rate at 92%, compared to 93% in 1-6/21, reflecting the planned shutdown in April
• Retail sales volumes up 5%, driven mainly by robust demand growth in Q1/22, while Q2/22 saw a slowdown Gas and Energy
• Operating result excluding special items of 1.5 billion lei vs 0.2 billion lei, reflecting the improved performance of both the natural gas and electricity segments
• Natural gas sales volumes 7% lower, as a result of lower gas volumes from own production and lower demand
• Net electricity production of 2.1 TWh vs 1.9 TWh, the highest so far for a first semester, even in the context of the planned overhaul for the entire capacity of the Brazi plant in March 2022 and for half of the capacity in April 2022

Christina Verchere, CEO of OMV Petrom: “In the first 6 months of this year, the market environment was unprecedented. In the context of the Russia-Ukraine conflict, international and regional prices for our main products have been high and volatile and supply difficulties have arisen. Our financial results for the first half of 2022 reflected this market environment, with an operating profit of 5.9 billion lei. The contribution to the state budget was at a record level, about 10 billion lei. This includes taxes of about 9 billion lei, almost 80% higher than in the first 6 months of 2021, and cumulative dividends related to 2021 of almost 1 billion lei, a more than double increase. During this period, our domestic production capacities have been operating at a high level, including the Petrobrazi refinery and the Brazi power plant, and we have focused on diversifying our supply sources so as to ensure continuity of supplies to our customers. In order to increase Romania’s natural gas production, it is essential to develop the gas resources in the Neptun Deep perimeter. We appreciate the changes made to the Offshore Law, but a series of clarifications from the authorities are necessary. If all the prerequisites are met, the final investment decision is estimated for the middle of 2023. In this very volatile environment, we channeled our efforts to contribute to the security of Romania’s energy supply. Through our 2030 strategy, we are proposing €11 billion to support the country’s much-needed investment-led growth and transformation for a low-carbon future.”

Exploration and Production

The operating result excluding special items was 3 billion lei vs. 0.8 billion lei in 1-6/21, mainly determined by the higher prices of crude oil and natural gas and the favorable exchange rate (stronger dollar against of leu), partially offset by higher taxation in exploration and production and lower sales volumes

Production decreased by 11% to 121 thousand boe/d, mainly due to asset sales and the sharp natural decline in the main fields

Production cost increased slightly to $12.6/boe due to lower available-for-sale production and increased expenses, partially offset by favorable exchange rate (stronger dollar vs. leu) and positive impact from Q2/ 22 of an element of a non-recurring nature in connection with a fiscal control

Strategy Progress

• On July 26, AGOA approved the distribution of a dividend worth 0.045 lei/share, which led to record dividends: basic dividends worth 1.9 billion lei paid since June 6 and special dividends worth 2, 5 billion lei which will be paid from September 2
• OMV Petrom announced in June the first batch of sustainable fuel for aviation at Petrobrazi
• OMV Petrom has completed the first photovoltaic park providing green energy for its own Exploration and Production operations
• OMV Petrom and Auchan Romania reached over 200 MyAuchan stores in Petrom stations
• OMV Petrom launched OMV MyStation, a new application with exclusive offers for customers
• OMV Petrom launched the Sustainability Report for 2021

Social involvement

• OMV Petrom launched the OMV Petrom Foundation to strengthen the company’s contribution to social projects
• OMV Petrom joined the efforts of civil society and Romanian authorities to support refugees from Ukraine in cooperation with UNICEF and the Romanian Red Cross
• A school renovated to almost zero energy consumption standards (nZEB) was inaugurated in Ploiesti, within the Efficient Romania project