OMV CEO Sees Investors Regaining Trust in Company

The transcript covers OMV's strategies to regain investor trust, manage cash flow, and divest assets in Turkey. It discusses plans to invest in Russia despite sanctions, aiming to leverage low-cost production. The company targets a 10% production increase by 2019, focusing on Libya and Kurdistan. OMV is adapting to lower oil prices by cutting costs. The transcript also touches on European political dynamics and their economic implications.

What is one of the main reasons investors are regaining trust in OMV?

• OMV's expansion into new markets

• OMV's partnership with US companies

• OMV's focus on renewable energy

• OMV's effective cost and cash flow management

What is OMV's primary plan for the cash obtained from divestments?

• Invest in renewable energy

• Pay dividends and reinvest in reserves

• Acquire new companies

• Expand into the Asian market

Which country is OMV particularly interested in expanding its operations?

• Saudi Arabia

• Russia

• Azerbaijan

• Turkey

How does OMV view the sanctions environment in relation to its business in Russia?

• It sees it as a major obstacle

• It believes it has no impact

• It will halt all operations in Russia

• It plans to ignore the sanctions

What is OMV's production growth target for early 2019?

• 5% increase

• 10% increase

• 20% increase

• 15% increase

What oil price does OMV plan for in the mid to long term?

• $70-$75 per barrel

• $60-$65 per barrel

• $50-$55 per barrel

• $80-$85 per barrel

What is OMV's stance on the European Union?

• It is indifferent to the Union

• It supports Brexit

• It prefers individual national policies

• It supports the Union and regrets Brexit