Group sales fell by 37 percent to 39.46 billion euros – oil and gas prices were significantly lower than in the previous year: the average price for Brent crude oil fell by 18 percent to 82.64 dollars (76.26 euros) per barrel, The average THE natural gas price (“Trading Hub Europe”) was 40.98 euros per megawatt hour, only a third of the previous year’s value, while at the same time OMV’s total production was reduced by 7 percent to 364,000 barrels per day.
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At the same time, OMV’s total production fell by 7 percent to 364,000 barrels per day, and production costs rose by 18 percent to $9.67 per barrel. The operating result before special items fell by 46 percent to 4.357 billion euros. The CCS operating result before special items collapsed from 11.18 to 6.02 billion euros and the net profit shrank by almost two thirds to 1.9 billion euros.
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For the current year, OMV is assuming an average Brent crude oil price of 80 US dollars per barrel and an average realized natural gas price of around 25 euros per megawatt hour. The THE price (Trading Hub Europe) should be between 30 and 35 euros per MWh.