Overall good results, with a slight positive surprise in downstream oil, led by strong retail activities and higher refining margins. While OMV continues to integrate its latest acquisitions in upstream, downstream has performed well and offsets the lower oil and gas prices. Downstream is indeed the biggest contributor this quarter, a first since Q3 17.
30 Oct 2019
Q3: Downstream balances the results
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Q3: Downstream balances the results
Overall good results, with a slight positive surprise in downstream oil, led by strong retail activities and higher refining margins. While OMV continues to integrate its latest acquisitions in upstream, downstream has performed well and offsets the lower oil and gas prices. Downstream is indeed the biggest contributor this quarter, a first since Q3 17.