Why invest in OMV Petrom?

“Our investment proposition is simple: growth in energy, value and dividends, while securing a sustainable business.
We are developing our integrated business model and expanding our gas business with Neptun Deep. The long-term sustainability of the company, through the energy transition, remains at the center of our actions. For the strategy period 2022-2030, we are investing EUR 3.7 billion into low and zero-carbon businesses.
Our target is to further enhance profitability which will allow us to continue to increase base dividends by 5 to 10% per year by 2030, while maintaining special dividends optionality. This investment proposition makes us one of the most attractive companies listed on the Bucharest Stock Exchange.” - Christina Verchere, CEO

Our investment proposition:

Integrated energy company: OMV Petrom is the leading integrated energy producer in Southeast Europe, with operations in Exploration & Production, Refining & Marketing, and Gas & Power, enabling it to diversify risk and capitalize on opportunities in different market conditions.
Flagship Neptun Deep project: we are developing one of the largest offshore gas resources in the EU – in execution phase since June 2023 – which will shift our production to 70% natural gas in 2030.
Strong financial performance: Clean CCS EBIT is expected to grow to more than EUR 1.5 billion and ROACE to increase to ~15% in 2030.
Attractive dividend profile: our highly competitive dividend policy is made up of a progressive base dividend and discretionary special dividends when market conditions allow. We are committed to increasing our base dividend by 5-10% per annum to 2030, with total dividend payout of around 50% of operating cash-flow on average.
Strategic investments for transformation: ~35% of our EUR 11 billion investments planned until 2030 will go to sustainable energy projects with double digit returns.

^{[1] weight in total hydrocarbon production of OMV Petrom in 2030; [2]; ROACE = return on average capital employed; estimated for 2030; [3] distributions include base and special dividends; [4] OCF = operating cash flow, cumulated by 2030; [5] in low and zero carbon projects out of EUR 11 bn total investments}

Strong commitment to shareholders regarding dividend distributions by 2030

Dividend Policy

We are committed to delivering competitive shareholder returns throughout the business cycle, including paying progressive base dividends, in line with financial performance and investment needs, considering the long-term financial health of the company. In a favorable market environment and at management discretion, special dividends may also be distributed, provided that the company’s investment plans are funded.

Delivering attractive dividends

We have a strong track record of proposing to our shareholders competitive dividend distributions. In the last 9 years, our base dividend almost tripled, while the total dividend yield averaged around 10% per year.
In 2024, we paid the third consecutive special dividend which, combined with the base dividend, translated into a total dividend yield of 12.4%, versus the end 2023 closing share price.
In 2025, we remain committed to delivering attractive returns. For the financial year 2024, the proposed base dividend represents an increase of 7.5 percent year-on-year, at the middle of the 5-10% range stated in the dividend guidance. The proposal is subject to the approval of the Supervisory Board and General Meeting of Shareholders. Furthermore, around mid-2025 the Executive Board will decide if a special dividend is to be proposed.

^{[1] 2024 base dividend proposal subject to approval by the Supervisory Board and the General Meeting of Shareholders}

Leading the energy transition in Romania and SE Europe

Find out details about our Strategy 2030 presented in the latest Capital Markets Day here.

Our strategic ambition for 2030 is to lead the energy transition in South-East Europe, capitalizing on the opportunities we see in emerging markets. Our goal is to transform the company for a lower carbon future, while also securing the energy needed for today. We aim to support the region’s sustainable long-term economic growth, while generating healthy cash margins, that in turn will facilitate new investments and attractive shareholder returns.

By 2030, we are targeting the addition of five new low and zero carbon activities to our portfolio, by harnessing existing expertise in the business. By allocating additional capex to Neptun Deep and energy transition businesses, we expect around 50% of 2030 EBIT to be generated from these new activities.

We are achieving these ambitions by:

Developing Neptun Deep – one of the largest gas resources in the EU, a total investment of up to EUR 4 billion
Building the largest new solar and wind power portfolio in Romania, with 2.5 GW installed capacity and a total investment of ~ EUR 3 billion, including partnerships
Making the largest investment in the decarbonization of Romanian transportation, at over EUR 1 bn, for the production of biofuels and the development of the largest electric charging network in the country
Decarbonizing our current operations through continuous modernization and optimization.

We are committed to achieving Net Zero operations by 2050 and have set intermediary emission reduction targets for 2030.

^{[1] Target includes Category 11 for Scope 3 emissions: Use of sold products for energy supply; [2] Target refers to Net Carbon Intensity of Energy Supply for 2030 in gCO2eq/MJ}

Strategy 2030 in action

Since the launch of the Strategy 2030, in December 2021, OMV Petrom has made significant progress in its transformation journey. Despite unprecedented changes in the market environment, our business proved resilient, demonstrating that the strategy set out was and remains the right one.

Our milestones since 2021 (as of end-December 2024):

^{[1] Final investment decision; [2] Closing expected in 2025; [3] including partnerships; [4] Including already operational Renovatio network; [5] vs 2019 (preliminary)}

How can I buy OMV Petrom shares?

OMV Petrom shares are listed on the Bucharest Stock Exchange. To become an OMV Petrom shareholder, you need to buy our shares through an authorised broker. Please find more details here.

Disclaimer

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Any decision to invest in the Company must only be made on the basis of a prospectus of the Company and other applicable offering documentation as the case. The outstanding shares issued by the Company have not been and will not be registered under the US Securities Act of 1933, as amended, or with any securities authority of any state or territory within the jurisdiction of the United States of America. These shares may not be offered, sold or delivered in the United States of America or to American citizens or nationals.

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