OMVJF - OMV: Well Placed After The Borealis Deal

• As an integrated oil and gas firm, OMV has benefited from the vaccine rollouts and its shares are now up over 150% from their low point last year.
• The company has made a good start to 2021, thanks to significantly higher oil prices and a strong performance from its chemicals segment.
• OMV significantly increased its stake in chemicals company Borealis last year as it aims to become more of an integrated chemicals firm.
• The company is also sticking with a progressive dividend policy, setting it apart from some European peers that have placed more emphasis on buybacks.
• €5B in annual operating cash flow should allow it to meet this goal.

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