OMV Petrom approved investments of 8.1 billion lei, up by over 20 percent in 2025

The general meetings of shareholders of OMV Petrom – held on April 24 – approved all proposals submitted by the Management Board, including the distribution of record dividends, in the amount of 2.8 billion lei for the financial year 2024, as well as the 2025 budget, which provides for investments of 8.1 billion lei, up by over 20 percent compared to the previous year.

“We ended 2024 with solid operational results and made significant progress in implementing the 2030 Strategy. Strategic projects, such as Neptun Deep, are progressing according to plan. OMV Petrom is an important player in ensuring Romania’s energy security. Our commitment is to create value for all our shareholders and for Romania. The General Meeting is an important moment, in which every shareholder, including minority shareholders, has the opportunity to actively participate in the decisions that shape the future of the company,” said Christina Verchere, CEO of OMV Petrom.

Dividends of 2.8 billion lei for 2024

The General Meeting approved the distribution of a basic dividend for the financial year 2024 in a gross amount of 0.0444 lei/share, resulting in a share yield of 6.3 percent. The dividends will be paid starting June 3, 2025, to shareholders registered with Depozitarul Central S.A. on May 13, 2025.

The gross value of the basic dividend is 7.5 percent higher than the previous year.

The total value of the dividends for 2024 amounts to 2.8 billion lei, representing 66 percent of the net profit and 43 percent of the cash flow from operational activities of the OMV Petrom Group in 2024. Of this amount, approximately 1.2 billion lei will go to Romanian shareholders, who held over 44 percent of the company’s shares as of December 31, 2024. Over 570 million lei will be distributed to the Romanian state, which holds, through the Ministry of Energy, 20.7 percent of the shares of OMV Petrom S.A.

Investments of 8.1 billion lei

The General Assembly also approved the 2025 budget of OMV Petrom S.A., which provides for investments of approximately 8.1 billion lei, an increase of over 20 percent compared to 2024. About 70 percent of the investments in 2025 will be directed to the Exploration and Production segment. Important stages are planned in the development of Neptun Deep – a strategic project for OMV Petrom and for Romania: drilling of production wells has begun, the production platform is under construction, the systems related to the underwater infrastructure are being manufactured, work is underway on the construction of the support vessel for production operations, as well as the construction of the natural gas metering station.

Changes at the Supervisory Board level

Given that the current mandates of all members of the Supervisory Board expire on April 28, 2025, the OGMS voted on the composition of the Supervisory Board of OMV Petrom for the next four-year mandate, starting with April 28, 2025 until April 28, 2029, as well as their remuneration for the current year 2025.

The following received a new mandate: Sorin Dumitru Elisei, Berislav Gaso, Răzvan Eugen Nicolescu, Alfred Stern, Katja Tautscher, Martijn van Koten, Jochen Weise. They are joined by two new members: Christine Catasta and Teodora Elena Preoteasa.