OMV Profit Hits High on Strong Fuel Prices
Austrian energy company OMV reported its highest quarterly operating profit since late 2022, driven by soaring refining margins and elevated oil and gas prices. Adjusted operating profit grew about 70 percent to 2.12 billion euros during the third quarter, meeting market expectations.
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OMV AG reported an adjusted operating profit of €2.12 billion ($2.42 billion) for the third quarter, driven by soaring refining margins and energy prices. The result marks the company's highest quarterly operating profit since late 2022. The strong performance mirrors earnings across European peers as regional energy markets absorb ongoing supply shocks.
