OMVKY News and Press, OMV Aktiengesellschaft ADR From 05/26/22

Boris Johnson's Chancellor of the Exchequer proposed a 25% windfall tax on the oil and gas industry Thursday; however, details of the final legislation remain vague. There will be a sunset clause; however, the clause will be price dependent, with no specified date. There will be an investment...

Stock market volatility reminds us that long-term stock market success requires a certain detachment and tolerance for short-term pain. Lynch was a bottom-up stock-picker who looked for good companies selling at attractive prices. Companies with better prospects should sell with h...

OMV Aktiengesellschaft (OMVJF) Q1 2022 Earnings Conference Call April 29, 2022 05:30 AM ET Company Participants Florian Greger - Head of Investor Relations Alfred Stern - Chief Executive Officer Reinhard Florey - Chief Financial Officer Conference Call Participants Sasikanth Chilukuru - Morga...

The following slide deck was published by OMV Aktiengesellschaft in conjunction with their 2022 Q1 earnings call. For further details see: OMV Aktiengesellschaft 2022 Q1 - Results - Earnings Call Presentation

Integrated oil and refining stocks have seen mixed performance in 2022. The commodity markets have been broadly supportive of higher share prices; however, war in Ukraine has brought challenges for the sector. US-focused Chevron (CVX) has seen shares advance 47% year to date, while Total's (T...

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 an...

Update: Oil prices (CL1:COM) rallied from an intraday low of ~$99.50 to trade at ~$103.50 Tuesday afternoon, as US officials warned a reduction in forces around Kyiv represented a redeployment rather than a withdrawal of Russian forces, dimming hopes for a near-term peace deal. Oil prices (CL...

Tuesday, Evercore analyst Stephen Richardson lifted the bank's oil price forecast (CO1:COM) to $104/b for 2022 and $100/b for 2023. The bank reduced supply estimates by a whopping 3.0mb/d into 2023, and cut demand estimates 1.2mb/d on Russian sanctions, price impacts and China lockdowns. Sepa...

Oil prices (CL1:COM) fell below $100/b ahead of the equity market open in the US Tuesday, as peace talks between Russia and Ukraine in Turkey showed progress. Following the talks, Russian Deputy Defense Minister Alexander Fomin said Russia has decided to "drastically reduce hostilities," part...

This week's DOE inventory update showed a larger than expected 10.9mb draw in oil and oil products (USO). TSA checkpoint data pointed to a ~1% increase in passenger volume week on week (JETS). California announced plans to provide a $400 payment per registered vehicle to consumers. The UK cut...