Summary : Austrian energy and chemicals group OMV (OMVV.VI) more than doubled second-quarter core operating profit on the back of soaring gas prices fuelled by the war in Ukraine.
Clean current cost of supplies (CCS) earnings before interest and tax (EBIT), which exclude special items and inventory gains or losses, came in at 2.937 billion euros ($3.00 billion), the group said.
OMV, which also saw reduced gas deliveries from Russia in recent weeks, said it does not expect natural gas exports from Russia to stop entirely. However, the uncertainty regarding future curtailments remained and could result in further losses.
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