OMVJF - OMV AG - Still No Bargain After The Recent Fall

• OMV is an increasingly profitable integrated oil and gas company from Austria.
• It is highly diversified and expects to become net-zero emissions by 2050, and is a leading producer of innovative sustainable fuels, chemicals, and materials.
• Management is very shareholder-friendly and has increased the dividend at a compound annual growth rate of 8% over the last decade.
• Russian assets were mostly written off and the share price decline more than reflects the impairments, but not so much as a potential recession.
• Given OMV's share price performance, investors looking for adequate total return should only consider an investment during cycle bottoms. The current dividend yield of 5.4% is nonetheless enticing.

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