OMV raises 2026 capital spending forecast to EUR 3.5 billion

Bitget2026/10/29 10:25

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OMV raised its 2026 capital expenditure forecast to EUR 3.5 billion, slightly above initial guidance, driven by accelerated Neptun Deep development.
Dated Brent is now forecast above USD 95 per barrel; production is expected around 290,000 barrels of oil equivalent per day.
Average THE gas prices are expected above EUR 55 per megawatt-hour, with realized gas prices around EUR 45 per megawatt-hour.
The refining indicator margin forecast rose to around USD 25 per barrel; refinery utilization is expected to remain above 90%.
Borouge International's fourth-quarter performance should improve notably, supported by recovering polyolefin prices, higher utilization and initial integration synergies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OMV AG published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OMV raises 2026 capital spending forecast to EUR 3.5 billion

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