OMVJF News and Press, OMV Aktiengesellschaft From 07/19/21

The U.S. and Germany are expected to announce a deal in the coming days to resolve their dispute over Russia's Nord Stream 2 natural gas pipeline, Reuters reports.President Biden and German Chancellor Merkel failed to settle their differences over the pipeline when they met last week, but the...

Axel Schmidt/Getty Images News Construction of the Nord Stream 2 gas pipeline from Russia to Germany should be completed by the end of August and the link operational this year, with 98% of the pipeline now finished, CEO Matthias Warnig says.One 27.5B cm/year string has been completed with th...

The Biden administration could face pressure to block the Nord Stream 2 pipeline after a House of Representatives panel this week passed an amendment that would repeal the State Department's ability to waive sanctions on the project.The sanctions are "mandatory not discretionary," one represe...

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. ...

Secretary of State Antony Blinken called completion of the Nord Stream 2 pipeline a "fait accompli" in testimony today before the House Foreign Affairs Committee, and said the U.S. is working with Germany to mitigate the damage it will cause to Europe's energy system.Sanctioning the top execu...

Russia's President Putin says the pipelaying of the first line of the Nord Stream 2 pipeline to Germany had been completed, and Gazprom (OGZPY) is ready to start filling the link with gas.Earlier this week, Russia deputy prime minister Alexander Novak said ~100 km of the two-string pipeline r...

The U.S. will waive sanctions on the corporate entity and CEO overseeing the construction of the Nord Stream 2 pipeline, which would indicate that the Biden administration is not willing to rupture its relationship with Germany over the pipeline, Axios reports.The State Department soon will s...

Only ~100 km of the Nord Stream 2 gas pipeline are left to lay, according to Russia's ambassador to Germany, meaning the remaining pipeline could need just three more months for completion.In an interview with German media outlet RND, Sergei Nechayev also said he was hopeful the Gazprom-led (...

OMV Aktiengesellschaft (OMVJF) Q1 2021 Results Conference Call April 29, 2021 05:30 AM ET Company Participants Florian Greger - Head of Investor Relations Rainer Seele - Chairman and Chief Executive Officer Reinhard Florey - CFO Conference Call Participants Josh Stone - Barclays Sasi Chilukur...

The following slide deck was published by OMV Aktiengesellschaft in conjunction with their 2021 Q1 earnings call. For further details see: OMV Aktiengesellschaft 2021 Q1 - Results - Earnings Call Presentation