Acasă » Oil&Gas » OMV Petrom’s capitalization has increased more than 15 times in the last 20 years

OMV Petrom’s capitalization has increased more than 15 times in the last 20 years

6 September 2021
Exploration & production

OMV Petrom (SNP), the largest integrated energy company in South-Eastern Europe, has managed to increase its market value more than 15 times in the 20 years of trading on the Bucharest Stock Exchange: from 1.6 billion lei at the end of 2001, to 25 billion lei at the closing of the stock exchange meeting on September 2, 2021. Based on the stock market capitalization, OMV Petrom is the largest Romanian company on the stock exchange.

The company’s shares have been traded under the SNP stock symbol since September 3, 2001. Recently, global index provider FTSE Russell announced the inclusion of OMV Petrom in the FTSE Global Equity Index Series, starting September 20.

“The history of the modern stock exchange, re-established in 1995, is closely related to the 20-year trading history of OMV Petrom on the Bucharest Stock Exchange. Today marks an important moment for the entire capital market community, the SNP title being one of those that arouses the interest of both international and local investors. The performance that OMV Petrom has had in the last 20 years has become a benchmark for many Romanian companies and we want this success story to inspire other companies, both from the private sector and those owned by the State,” said Radu Hanga, president of the Bucharest Stock Exchange.

“20 years after the listing on the Bucharest Stock Exchange, we are proud of our transformation. We have become a modern and sustainable, high-performing company with a solid financial situation. Due to the nature of our activity, we have a fundamental role in Romania: we supply about 40% of the country’s crude oil and gas needs and up to 10% of electricity production. We are part of the socio-economic fiber of Romania, through major investments and contributions to the state budget, but also through the financing of social causes relevant to the country. We will continue to invest to capture market opportunities and adapt to the new energy context, generating value for all stakeholders,” said Christina Verchere, CEO of OMV Petrom.

In 15 of the 20 years of trading on the stock exchange, OMV Petrom distributed dividends to shareholders, the SNP share having an average dividend yield of about 6%.

Autor: Energynomics

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