Combined Annual Report 2025

Glossary

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A B C D E F H I K L M N Ö O P R S T U

A

  • ACG

    Austrian Code of Corporate Governance

  • ADNOC

    Abu Dhabi National Oil Company

  • APS

    IEA Announced Pledges Scenario

  • AWP

    Adria-Wien Pipeline

B

  • bbl; boe

    Barrel (1 barrel equals approximately 159 liters); Barrel of oil equivalent

  • Bcf

    Billion standard cubic feet

  • BGI

    Borouge Group International

C

  • C&O

    Corporate and Other

  • Capital employed

    Equity including non-controlling interests plus net debt

  • CCA

    Climate Change Adaptation

  • CCM

    Climate Change Mitigation

  • CCS/CCS effects/inventory holding gains/(losses)

    Current Cost of Supply
    Inventory holding gains and losses represent the difference between the cost of sales calculated using the current cost of supply and the cost of sales calculated using the weighted average method after adjusting for any changes in valuation allowances in case the net realizable value of the inventory is lower than its cost. In volatile energy markets, measurement of the costs of petroleum products sold based on historical values (e.g., weighted average cost) can have distorting effects on reported results (Operating Result, net income, etc.). The amount disclosed as CCS effect represents the difference between the charge to the income statement for inventory on a weighted average basis (adjusted for the change in valuation allowances related to net realizable value) and the charge based on the current cost of supply; the current cost of supply is calculated monthly using data from supply and production systems.

  • CCS/CCUS

    Carbon Capture, (Utilization) and Storage

  • Cf

    Standard cubic feet (60°F/16°C)

  • CGU

    Cash generating unit

  • Clean CCS EPS

    Clean CCS Earnings Per Share are calculated as clean CCS net income attributable to stockholders divided by weighted number of shares.

  • Clean CCS net income attributable to stockholders

    Net income attributable to stockholders, adjusted for the after-tax effect of special items and CCS

  • Clean CCS Operating Result

    Operating Result adjusted for special items and CCS effects
    The Group clean CCS Operating Result is calculated by adding the clean CCS Operating Result of F&F, the clean Operating Result of other segments and the reported consolidation effect adjusted for changes in valuation allowances, in case the net realizable value of the inventory is lower than its cost.

  • Clean CCS ROACE

    The clean CCS Return On Average Capital Employed is calculated as NOPAT (as a sum of current and last three quarters) adjusted for the after-tax effect of special items and CCS, divided by average capital employed (%).

  • CoC

    OMV Code of Conduct

  • CPS

    IEA Current Policies Scenario

  • CR&D

    Community Relations and Development

  • CSDDD

    Corporate Sustainability Due Diligence Directive

  • CSRD

    Corporate Sustainability Reporting Directive

D

  • DE&I

    Diversity, Equity, and Inclusion

  • DMA

    Double Materiality Assessment

E

  • E&A

    Exploration & Appraisal

  • E&P

    Exploration & Production, part of Energy business segment

  • ECL

    Expected credit losses

  • EMS

    Environmental Management System

  • EPS

    Earnings Per Share; net income attributable to stockholders divided by total weighted average shares

  • Equity ratio

    Equity divided by balance sheet total, expressed as a percentage

  • ESIA

    Environmental and Social Impact Assessment

  • ESRS

    European Sustainability Reporting Standards

  • Ethylene indicator margin Europe

    Ethylene CP WE (ICIS) – 1.18 * Naphtha FOB Rotterdam

  • EWRM

    Enterprise-Wide Risk Management

F

  • FID

    Final Investment Decision

  • FPIC

    Free, Prior, and Informed Consent

  • FVOCI

    Fair value through other comprehensive income

H

  • HVO

    Hydrotreated vegetable oil

I

  • IAS

    International Accounting Standards

  • ICoCA; ICoC

    International Code of Conduct Association; International Code of Conduct for Private Security Service Providers

  • IEA

    International Energy Agency

  • IFRS

    International Financial Reporting Standards

  • IOGP

    International Association of Oil & Gas Producers

  • IPCC

    Intergovernmental Panel on Climate Change

  • IRO

    Impacts, Risks, Opportunities

  • ISCC

    International Sustainability & Carbon Certification

  • ISO

    International Standards Organization

K

  • kbbl; kboe

    Thousand barrels; Thousand barrels of oil equivalent

L

  • LCA

    Life Cycle Assessment

  • LDAR

    Leak Detection and Repair

  • LEAP

    Locate, Evaluate, Assess, Prepare

  • Leverage ratio

    Net debt divided by capital employed, expressed as a percentage

  • LNG

    Liquefied natural gas

  • LPG

    Liquefied petroleum gas

  • LTIP

    Long-Term Incentive Plan

  • LTIR

    Lost-Time Injury Rate per million hours worked

  • LWD; LWDI

    Lost Workday; Lost Workday Incident

M

  • MTP

    Mid-term planning

N

  • n.a.

    Not applicable

  • n.m.

    Not meaningful

  • NaDiVeG

    Austrian Sustainability and Diversity Improvement Act

  • NCI

    Non-controlling interests

  • Net assets

    Intangible assets, property, plant and equipment, equity-accounted investments, investments in other companies, loans granted to equity-accounted investments, and total net working capital less provisions for decommissioning and restoration obligations

  • Net debt

    Interest-bearing debts including bonds and finance lease liabilities less liquid funds (cash and cash equivalents)

  • Net income

    Net operating profit or loss after interest and tax

  • NGL

    Natural Gas Liquids; natural gas that is extracted in liquid form during the production of hydrocarbons

  • NOPAT

    Net Operating Profit After Tax
    Net income + Net interest related to financing – Tax effect of net interest related to financing; NOPAT is a KPI that shows the financial performance after tax, independent of the financing structure of the company.

  • NPA

    Natural Protected Area

  • NZE

    IEA Net Zero Emissions Scenario

Ö

  • ÖBAG

    Österreichische Beteiligungs AG

O

  • OCI

    Other comprehensive income

P

  • Payout ratio

    Dividend per share divided by earnings per share, expressed as a percentage

  • PDH

    Propane dehydrogenation; a propylene production process

  • Polyethylene indicator margin Europe

    HD BM FD EU Domestic EOM (ICIS low) – Ethylene CP WE (ICIS)

  • Polypropylene indicator margin Europe

    PP Homo FD EU Domestic EOM (ICIS low) – Propylene CP WE (ICIS)

  • PPA

    Power Purchase Agreement

  • PPE

    Property, plant and equipment

  • Propylene indicator margin Europe

    Propylene CP WE (ICIS) – 1.18 * Naphtha FOB Rotterdam

R

  • REACH

    Registration, Evaluation, Authorization, and Restriction of Chemicals

  • ROACE

    Return On Average Capital Employed; NOPAT divided by average capital employed expressed as a percentage

  • ROE

    Return On Equity; net income/loss for the year divided by average equity, expressed as a percentage

  • RRR

    Reserve Replacement Rate; total changes in reserves excluding production, divided by total production

S

  • SAF

    Sustainable Aviation Fuel

  • Sales revenues

    Sales excluding petroleum excise tax

  • SDGs

    Sustainable Development Goals

  • SHRIA

    Social and Human Rights Impact Assessment

  • Special items

    Special items are expenses and income reflected in the financial statements that are disclosed separately, as they are not part of underlying ordinary business operations. They are being disclosed separately in order to enable investors to better understand and evaluate the OMV Group’s reported financial performance.

  • STEPS

    IEA Stated Policies Scenario

T

  • TfS

    Together for Sustainability

  • THE

    Trading Hub Europe; German natural gas market trading hub

  • TNFD

    Taskforce on Nature-related Financial Disclosures

  • TRIR

    Total Recordable Injury Rate per million hours worked

  • TTF

    The Title Transfer Facility; a virtual trading point for natural gas in the Netherlands

U

  • UNGC

    United Nations Global Compact

  • UNGP

    United Nations Guiding Principles on Business and Human Rights

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