OMV Petrom SA 2016 Annual Report with Sustainability Disclosures
The report highlights OMV Petrom's performance in 2016, a year marked by significant cost optimization and strategic milestones. The company successfully reduced operational costs by approximately RON 500 million and achieved a positive free cash flow of RON 1.6 billion. In its Upstream segment, OMV Petrom contained the daily production decline to 2.5% and reduced production costs by 10%. Additionally, the company increased its free float to 15.8% following a secondary public offering and listing on the London Stock Exchange. On the sustainability front, the company reduced greenhouse gas intensity by 5.9% and fresh water withdrawal intensity by 6.2%.
Company: OMV Petrom SA
Sector: Mining & quarrying
Country: Romania
Year: 2016
Type: Annual Report with Sustainability Disclosures
Pages: 198
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OMV Petrom SA
Annual Report
The report highlights OMV Petrom's performance in 2016, a year marked by significant cost optimization and strategic milestones. The company successfully reduced operational costs by approximately RON 500 million and achieved a positive free cash flow of RON 1.6 billion. In its Upstream segment, OMV Petrom contained the daily production decline to 2.5% and reduced production costs by 10%. Additionally, the company increased its free float to 15.8% following a secondary public offering and listing on the London Stock Exchange. On the sustainability front, the company reduced greenhouse gas intensity by 5.9% and fresh water withdrawal intensity by 6.2%.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees