Austrian energy group OMV expects the Borouge-Borealis merger to have a positive effect of 120 million euros ($140.8 million) ...

(Reuters) -Austrian oil and gas group OMV recorded lower average energy prices in the second quarter of 2025, it said on ...

Austria's government — which owns 31.5% of OMV — framed the move as defiance against Russian attempts to blackmail the country, a common refrain from European leaders.

Austria's OMV said on Wednesday it had terminated its long-term gas supply contract with Gazprom after the Russian firm stopped deliveries last month amid a row that has been highly politicized ...

Austria has a long-established oil and gas industry, mostly run by OMV. Some 1,000 wells range over about 1,500 square miles of mostly flat land an easy drive from Vienna.

Russian gas apparently is still reaching Austria despite reportedly cutting off flows to top Austrian importer OM (OTCPK:OMVJF) over the weekend due to a contractual dispute, Reuters reported Monday.

OMV AG (OMVJF) is the biggest company in Austria and a major contributor to the success of Austria. See why I rate the stock a strong buy.

Austria’s top energy official said it’s up to OMV AG executives and shareholders whether to extricate the firm from a long-term Russian natural gas contract, now that it’s sufficiently ...

WHEN HE became chief executive of OMV in September 2021, Alfred Stern had one word for Austria’s oil-and-gas major: plastic. Having previously run the concern’s chemicals division, Borealis ...

Austria, unlike most European Union countries, is still buying nearly as much natural gas from Russia as it was before the war in Ukraine. ... OMV did not respond to repeated requests for comment.

OMV, Austria's biggest energy supplier, said it has been preparing for the eventual cut-off of Russian gas and can deliver gas to its customers by importing via Germany, Italy and the Netherlands.

After nearly two years of negotiations, Abu Dhabi National Oil Company and OMV agreed in March to merge their polyolefin ...