the öbag portfolio includes
OMV generates and markets oil and gas as well as chemical solutions with a focus on sustainability and develops innovative solutions for a circular economy. With a group revenue of EUR 17 billion and a workforce of approximately 26,000 (including Borealis) in 2020, OMV is one of the largest listed industrial companies in Austria. In the upstream segment, OMV has a strong base in CEE, as well as a balanced international portfolio in the Middle East & Africa, North Sea, Russia and Asia-Pacific regions. In the chemicals segment, OMV, through its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and the European market leader in the areas of basic chemicals, plant nutrients and mechanical recycling of plastics. Borealis is active in more than 120 countries. In 2020, Borealis generated revenues of EUR 6.8 billion. Through two major joint ventures – Borouge (with the Abu Dhabi National Oil Company, ADNOC, in the United Arab Emirates) and Baystar™ (with Total, in the US) – Borealis provides products and services to customers around the world.
Sustainability is an integral part of OMV’s corporate strategy. OMV supports the transition to a lower carbon economy. The company has measurable targets for reducing CO2 intensity and introducing new, alternative energy and petrochemical solutions.