# OMV

> Austrian petrochemical company

**Wikidata**: [Q168238](https://www.wikidata.org/wiki/Q168238)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/OMV)  
**Source**: https://4ort.xyz/entity/omv

## Summary
OMV is an Austrian petrochemical company headquartered in Vienna, specializing in oil and gas exploration, production, refining, and distribution. Founded in 1956, it operates as a public enterprise with subsidiaries across Europe and the Middle East, playing a key role in Austria’s energy sector and global petroleum markets.

## Key Facts
- **Founding and Type**: OMV was established on July 3, 1956, as a public company (Österreichische Mineralölverwaltung) and operates as a publicly traded enterprise on the Wiener Börse (Vienna Stock Exchange).
- **Headquarters**: Based in Vienna, Austria, with additional operations in Schwechat, a municipality in Lower Austria.
- **Industry**: Primarily engaged in the petroleum industry, handling oil products, refining, and petrochemical production.
- **Subsidiaries**:
  - **OMV Petrom**: Romanian oil and gas company founded in 1997, employing 12,498 people.
  - **Petrol Ofisi**: Turkish fuel distribution and lubricants company established in 1941.
- **Ownership**: Partially owned by Österreichische Beteiligungs AG (founded 1967) and the International Petroleum Investment Company (founded 1984).
- **Financials (selected years)**:
  - Revenue: €19.26 billion (lowest), €42.65 billion (highest).
  - Net profit: Ranged from -€1.91 billion to €2.86 billion.
  - Total assets: €30.52 billion to €33.86 billion.
  - Employees: 22,544 (as of latest data).
- **Stock Exchange**: Listed on the Wiener Börse AG (founded 1771), part of the Austrian Traded Index (ATX, launched 1991).
- **Global Presence**: Operates in multiple countries, including Romania, Turkey, and Pakistan (e.g., Sawan Airport and Kadanwari Airport projects).
- **Websites**: Official sites include [omv.com](https://www.omv.com/), with country-specific domains for Germany, Hungary, Austria, Czech Republic, and Slovakia.

## FAQs
**What is OMV’s primary business?**
OMV is an Austrian petrochemical company focused on oil and gas exploration, refining, and distribution, with operations spanning Europe and the Middle East.

**When was OMV founded?**
OMV was founded on July 3, 1956, in Vienna, Austria, and later restructured in 1995.

**Where is OMV headquartered?**
Its headquarters are in Vienna, Austria, with key operations in Schwechat, Lower Austria.

**What are OMV’s major subsidiaries?**
OMV owns OMV Petrom (Romania’s largest oil and gas company) and Petrol Ofisi (a leading Turkish fuel distributor).

**Is OMV publicly traded?**
Yes, OMV is listed on the Wiener Börse (Vienna Stock Exchange) and is part of the Austrian Traded Index (ATX).

**Who owns OMV?**
Major shareholders include Österreichische Beteiligungs AG (Austrian state holding) and the International Petroleum Investment Company (IPIC, based in Abu Dhabi).

**What is OMV’s financial performance?**
Revenue has fluctuated between €19.26 billion and €42.65 billion, with net profits ranging from losses of €1.91 billion to gains of €2.86 billion.

**Does OMV operate outside Austria?**
Yes, it has significant operations in Romania (OMV Petrom), Turkey (Petrol Ofisi), and infrastructure projects in Pakistan (e.g., Sawan and Kadanwari airports).

## Why It Matters
OMV is a cornerstone of Austria’s energy sector and a major player in Central and Eastern Europe’s petroleum industry. As a publicly traded company, it influences regional energy security, economic stability, and industrial development. Its subsidiaries, like OMV Petrom, are critical to Romania’s economy, while its global projects (e.g., the proposed Nabucco pipeline) highlight its role in transcontinental energy infrastructure. OMV’s financial scale—with revenues exceeding €40 billion in peak years—underscores its impact on global markets, employment (22,544+ workers), and technological advancements in petrochemicals.

## Notable For
- **Largest Austrian Petrochemical Company**: Dominates Austria’s oil and gas sector with a history dating back to 1956.
- **Major Subsidiaries**: Owns OMV Petrom (Romania’s largest energy company) and Petrol Ofisi (Turkey’s leading fuel distributor).
- **Public Listing**: Traded on the Wiener Börse, one of the world’s oldest stock exchanges (founded 1771).
- **Global Infrastructure Projects**: Involved in Pakistani airports (Sawan, Kadanwari) and the proposed Nabucco pipeline linking Turkey to Austria.
- **Financial Scale**: Manages assets worth over €30 billion, with revenues peaking at €42.65 billion.
- **State and International Ownership**: Partially owned by Austrian and Emirati (IPIC) state-backed entities, reflecting its geopolitical significance.

## Body

### **History and Founding**
OMV was established on **July 3, 1956**, as *Österreichische Mineralölverwaltung* (Austrian Mineral Oil Administration) in Vienna. It underwent restructuring in **1995**, transitioning into a modern public company. The firm’s roots are tied to Austria’s post-WWII industrial recovery, evolving into a key player in Europe’s energy sector.

### **Corporate Structure and Ownership**
OMV operates as a **publicly traded enterprise** listed on the **Wiener Börse AG** (Vienna Stock Exchange), part of the **Austrian Traded Index (ATX)**, launched in 1991. Major shareholders include:
- **Österreichische Beteiligungs AG**: Austrian state holding company (founded 1967).
- **International Petroleum Investment Company (IPIC)**: Abu Dhabi-based investment firm (founded 1984).

### **Subsidiaries and Global Operations**
OMV’s reach extends through strategic subsidiaries:
- **OMV Petrom (Romania)**: Founded in **1997**, it is Romania’s largest oil and gas company, employing **12,498 people** and headquartered in Bucharest.
- **Petrol Ofisi (Turkey)**: Established in **1941**, this subsidiary specializes in fuel distribution and lubricants, operating across Turkey.

Beyond Europe, OMV has stakes in **Pakistani infrastructure**, including:
- **Sawan Airport** and **Kadanwari Airport**: Projects linked to energy logistics in Sindh, Pakistan.
- **Nabucco Pipeline**: A proposed natural gas pipeline from the Turkish-Bulgarian border to Austria, aimed at diversifying Europe’s energy supply.

### **Financial Performance**
OMV’s financial metrics demonstrate its scale:
- **Revenue**: Ranged from **€19.26 billion** to **€42.65 billion** across reported years.
- **Net Profit**: Varied significantly, from losses of **€1.91 billion** to profits of **€2.86 billion**.
- **Total Assets**: Between **€30.52 billion** and **€33.86 billion**.
- **Workforce**: Employs **22,544 people** globally.

### **Industry and Market Role**
OMV is classified under the **petroleum industry**, engaging in:
- **Upstream**: Oil and gas exploration and production.
- **Downstream**: Refining, petrochemical manufacturing, and fuel distribution.
- **Trading**: Global commodity trading, including partnerships with **Borealis** (Austrian plastics manufacturer, founded 1994).

### **Headquarters and Key Locations**
- **Primary HQ**: Vienna, Austria’s capital.
- **Operational Hub**: Schwechat, Lower Austria, home to major refining facilities.
- **International Presence**: Strong footholds in Romania, Turkey, and Pakistan, with additional operations in Germany, Hungary, Czech Republic, and Slovakia (evidenced by country-specific websites).

### **Stock Exchange and Index Inclusion**
OMV is listed on the **Wiener Börse**, one of the world’s oldest exchanges (founded **1771**). It is a constituent of the **Austrian Traded Index (ATX)**, which tracks the performance of leading Austrian companies.

### **Digital Presence**
OMV maintains a multilingual online presence with websites for:
- Austria ([omv.at](https://www.omv.at/))
- Germany ([omv.de](https://www.omv.de/))
- Hungary ([omv.hu](https://www.omv.hu))
- Czech Republic ([omv.cz](https://www.omv.cz/))
- Slovakia ([omv.sk](https://omv.sk))
- Corporate global site ([omv.com](https://www.omv.com/))

### **Related Entities and Collaborations**
- **Borealis**: A joint venture partner in plastics production.
- **Nabucco Pipeline**: A strategic (though stalled) project to transport Caspian gas to Europe.
- **Wiener Börse AG**: The exchange where OMV’s shares are traded, employing **160 people** and serving as Austria’s primary financial market.

### **Challenges and Adaptations**
OMV’s financial volatility (e.g., net losses in some years) reflects the cyclical nature of the oil industry. Its diversification into petrochemicals (via Borealis) and renewable energy initiatives (not detailed in sources) suggests adaptive strategies to market shifts.

This structured overview captures OMV’s multifaceted role as a historical Austrian enterprise, a regional energy leader, and a globally connected petrochemical entity.

## References

1. [Source](http://www.omv.com/SecurityServlet/secure?cid=1255774724505&lang=en&swa_id=426192222530.86884&swa_site=)
2. GRID Release 2017-05-22
3. [Source](https://www.lobbyfacts.eu/datacard/omv-aktiengesellschaft?rid=94274031992-65)
4. Virtual International Authority File
5. Freebase Data Dumps. 2013
6. Czech National Authority Database
7. [Source](http://www.omv.com)
8. Google Knowledge Graph
9. [2020](https://www.gleif.org/content/4-lei-data/8-lei-mapping/1-download-bic-to-lei-relationship-files/bic_lei_gleif_v1_monthly_full_20200327.csv)
10. Quora
11. Aligned ISNI and Ringgold identifiers for institutions
12. Name Suggestion Index
13. YouTube API
14. Wikirate