Softening market environment, inventory effects, and operational issues hamstrung the operating results in the chemicals business, dropping 73% in Q4 FY2022 on a quarterly basis. The record annual profits and operating cash flow, however, enabled OMV to announce a record high dividend in the company’s history to maintain investor confidence and benefit from the all-time-high results. After a turbulent year, FY2023 should stage another similar show across businesses.