While incidents and maintenance hit the refining segments hard in Q3, chemical margins suffered from mounting recession concerns and falling demand. Looking ahead, there could be a silver lining for the refining business in Q4, but hardly for chemicals. E&P remains a solid profit maker, but this could change in H2 FY2023 were recession to trigger a major drop in oil and gas prices
10 Oct 2022
OMV refining and petrochemical margins suffer in Q3, E&P supports operating profits
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OMV refining and petrochemical margins suffer in Q3, E&P supports operating profits
While incidents and maintenance hit the refining segments hard in Q3, chemical margins suffered from mounting recession concerns and falling demand. Looking ahead, there could be a silver lining for the refining business in Q4, but hardly for chemicals. E&P remains a solid profit maker, but this could change in H2 FY2023 were recession to trigger a major drop in oil and gas prices