The company reported Q2 17 results slightly above expectations at €662m (vs. €644m). The group now expects Brent to be at $52/bbl. this year compared to $55/bbl. earlier By division: - The upstream division reported clean operating income of €259m with production at 339kbpd up 7% yoy thanks to higher production from Libya (24kbpd). Production costs decreased by 19% yoy on the back of the costs reduction program and production increase - In the downstream division clean operatin
14 Aug 2017
Good but not enough
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Good but not enough
OMV AG (OMV:WBO) | 0 0 1.2% | Mkt Cap: 15,591m
- Published:
14 Aug 2017 -
Author:
Alexandre Andlauer -
Pages:
2
The company reported Q2 17 results slightly above expectations at €662m (vs. €644m). The group now expects Brent to be at $52/bbl. this year compared to $55/bbl. earlier By division: - The upstream division reported clean operating income of €259m with production at 339kbpd up 7% yoy thanks to higher production from Libya (24kbpd). Production costs decreased by 19% yoy on the back of the costs reduction program and production increase - In the downstream division clean operatin