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
The information contained on this web page is not comprehensive. Its distribution does not, and is not intended to, constitute or form part of, and should not be construed as, constituting or forming part of, any current offer to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities issued by the Company or any of its subsidiaries in any jurisdiction or any inducement to enter into investment activity; nor shall this content or any part of it, or the fact of it being made available, form the basis of, or be relied on in any way whatsoever.
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.
The Company does not give any guarantee or representation or warranty of any kind, whether actual or implied to the visitors/investors and cautions that this webpage or the content published on this webpage may not be appropriate, permitted or available for use in all jurisdictions. The Company did not make any evaluation of suitability, appropriateness or lawfulness of this website and of the content published for persons accessing this page from outside Romania. Therefore, the Company disclaims any liability for any loss or harm to any persons accessing this website or any part of the content published on this website from outside Romania. By accessing this page or any content published on this web page, the respective person declares that they fully accept the risk of any loss or damages under the applicable laws of the state or jurisdiction other than Romania from which the access is made / whose resident / citizen the respective person is, which would result from such access and undertakes to indemnify the Company for any losses or obligations becoming incumbent on the Company as a result of such access from outside Romania.
These information and opinions have not been independently verified and may be subject to updating, revision, amendment or change without notice. Where there are quotes of any information or statistics from any external source, it should not be interpreted that the Company has adopted or endorsed such information or statistics as being accurate.
No reliance may be placed for any purpose whatsoever on the information contained on this web page, or any other material discussed verbally. No representation or warranty, express or implied, is given as to the accuracy, fairness or correctness of the information or the opinions contained on this web page or on its completeness and no liability is accepted for any such information, for any loss howsoever arising, directly or indirectly, from any use of this web page or any of its content or otherwise arising in connection therewith.
The information published in this web page does not constitute and should not be construed as investment recommendation in any securities issued or to be issued by the Company or any of its subsidiary or information recommending or suggesting an investments strategy, as defined in Article 3(1)(34) and (35) of Regulation (EU) 596/2014 of the European Parliament and of the Council on market abuse ("MAR"). The Company explicitly declares that it is neither an investment professional as defined in Article 3(1)(34)(i) of MAR nor an expert, as defined in Article 1(a) of the Commission Delegated Regulation (EU) 2016/958 supplementing MAR. Potential investors, if contemplating any investment in any securities issued or to be issued by the Company or any of its subsidiaries, must therefore take appropriate advice from qualified investment advisors and consultants for such recommendations.
Nothing on this web page is or shall be construed as investment advice, as defined in Article 3 par. (1) point 13 of Law 126/2018 on markets in financial instruments.
This web page may contain forward-looking statements. These statements reflect the Company’s current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as “anticipate,” “believe”, “estimate”, “expect”, “intend”, “plan”, “project”, “target”, “may”, “will”, “would”, “could” or “should” or similar terminology.
None of the future projections, expectations, estimates or prospects, including (without being limited to) net zero emission target, EBIT target, dividend, production evolution, price assumptions in base and downside scenarios should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information and statements contained herein are accurate or complete. By their nature, forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, including (without being limited to): (a) price fluctuations and changes in demand for Company’s or its subsidiaries' products; (b) currency fluctuations; (c) drilling and production results; (d) reserves estimates; (e) loss of market share and industry competition; (f) environmental risks; (g) changes in legislative, fiscal and regulatory framework; (h) economic and financial market conditions in countries of operation; (i) political risks (including risks deriving from the Russia-Ukraine conflict; (j) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus); and (k) changes in trading conditions, that could cause the Company’s or the group's actual results and performance to differ materially from any expected future results or performance expressed or implied by any forward-looking statements. As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these forward-looking statements as a prediction of actual results or otherwise. This web page does not purport to contain all information that may be necessary in respect of the Company, its securities or its subsidiaries and in any event each person reading this content needs to make an independent assessment.
The Company undertakes no obligation to publicly release the results of any revisions to any forward-looking statements that may occur due to any change in its expectations or to reflect any events or circumstances happening at a certain moment in time.
This content is proprietary to the Company and it may not be reproduced or redistributed to any other person.