OMV Q1 operating profit beats estimates at 1.03 billion
OMV reported a Q1 operating profit of 1.03 billion euros, beating analyst forecasts. The firm expects Brent prices to average 85 to 95 dollars through 2026.
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OMV AG reported a Q1 adjusted operating profit of 1.03 billion euros, beating analyst expectations by 3% on Thursday morning. The Austria-based firm surpassed the 1 billion euro consensus poll following strong performance in its energy division. Investors are tracking OMV's recovery as energy supply chains stabilize following recent geopolitical disruptions in the Middle East.
