OMV Company News - Taking additional measures to safeguard financial strength
OMV announced planned measures aimed at safeguarding its financial strength in response to the negative impact of the coronavirus on the overall economy and on oil companies in particular. In this context, the Executive Board has approved an action plan of more than EUR 4 bn for the year 2020.OMV is an international energy company with activities in Exploration and Production (E&P), Refining and Marketing including petrochemicals (R&M), and Gas and Power (G&P). Co. explores and develops oil and gas resources and supply energy to over 100 million people. OMV has three operating segments: Exploration and Production (E&P), Refining and Marketing, including petrochemicals (R&M), and Gas and Power (G&P), as well as the segment Corporate and Other (Co&O).
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