Earnings Release • Jul 14, 2017
Earnings Release
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National Storage Mechanism | Additional information
RNS Number : 0859L
OMV Petrom S.A.
14 July 2017
Q2/17 Trading Update Key Performance Indicators
This trading update provides basic provisional information on the economic environment as well as OMV Petrom Group's key performance indicators for the quarter ended June 30, 2017. The OMV Petrom Group's results for Q2/17 will be published on August 10, 2017. The information contained in this trading update may be subject to change and may differ from the final numbers of the quarterly report.
| Economic environment | Q2/16 | Q3/16 | Q4/16 | Q1/17 | Q2/17 |
| Average Brent price (USD/bbl) | 45.59 | 45.86 | 49.33 | 53.69 | 49.64 |
| Average Urals price (USD/bbl) | 43.91 | 44.10 | 47.89 | 52.21 | 48.49 |
| Average USD/RON FX-rate | 3.984 | 3.999 | 4.174 | 4.246 | 4.138 |
| Average EUR/RON FX-rate | 4.498 | 4.465 | 4.507 | 4.522 | 4.552 |
| Source: Reuters/Platts, NBR | |||||
| Upstream | Q2/16 | Q3/16 | Q4/16 | Q1/17 | Q2/17 |
| Total hydrocarbon production (kboe/d) | 177 | 174 | 170 | 170 | 169 |
| thereof crude oil and NGL production (kboe/d) | 81 | 79 | 78 | 76 | 76 |
| thereof natural gas production (kboe/d) | 96 | 95 | 92 | 94 | 93 |
| Total hydrocarbon sales volume (mn boe) | 15.1 | 15.1 | 14.8 | 14.3 | 14.6 |
| Average realized crude price (USD/bbl) | 36.86 | 37.41 | 41.55 | 45.09 | 41.59 |
| Downstream Oil | Q2/16 | Q3/16 | Q4/16 | Q1/17 | Q2/17 |
| Indicator refining margin (USD/bbl)* | 6.82 | 5.96 | 7.14 | 7.58 | 8.51 |
| Refinery utilization rate (%) | 68 | 97 | 96 | 95 | 94 |
| Total refined product sales (mn t) | 1.13 | 1.39 | 1.27 | 1.13 | 1.28 |
| Downstream Gas | Q2/16 | Q3/16 | Q4/16 | Q1/17 | Q2/17 |
| Gas sales volumes to third parties (TWh) | 9.67 | 8.89 | 12.41 | 13.75 | 11.33 |
| Net electrical output (TWh) | 0.48 | 1.20 | 0.82 | 0.75 | 0.16 |
* The actual refining margins realized by OMV Petrom may vary from the indicator refining margin due to different crude slate, product yield and operating conditions
Contact details:
OMV Petrom Investor Relations
Tel: +40 372 161 930; Fax: +40 372 868 518
E-mail: [email protected]
This information is provided by RNS
The company news service from the London Stock Exchange
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