In the Energy segment, OMV invests in both traditional and sustainable businesses, with the overarching goal of delivering resilient free cash flow and continuously reducing emissions.
Energy consists of E&P, Gas Marketing & Power, and the Low Carbon Business. The E&P portfolio is being refocused in and around Europe with an emphasis on increasing the share of natural gas. The Gas Marketing & Power business operates across the value chain, from the wellhead to the end customer, featuring a fully integrated natural gas sales and logistics business. It also includes a gas-fired power plant in Romania and power sales in Romania and neighboring countries. The Low Carbon Business concentrates on geothermal energy production, Carbon Capture and Storage (CCS) solutions, and renewable power generation.
In 2024, the cash flow improvement program SPARK contributed significantly to the operational agility of Energy by improving the cash flow from operating activities compared to 2023 by approximately EUR 116 mn including OMV Petrom. More than 200 initiatives were implemented throughout the year.