OMV Petrom Q2/23 Trading Update

July 10, 2023

This trading update provides basic provisional information on the economic environment as well as OMV Petrom Group's key performance indicators for the quarter ended June 30, 2023. The OMV Petrom Group's results for Q2/23 will be published on July 28, 2023. The information contained in this trading update may be subject to change and may differ from the final numbers of the quarterly report.

Source: Reuters/Platts, NBR

¹ Includes sales of liquids obtained from separation and processing of rich natural gas; rich natural gas production is included under natural gas production above.

² The actual refining margins realized by OMV Petrom may vary from the indicator refining margin due to different crude slate, product yield and operating conditions.

The planned turnaround of the Petrobrazi refinery was prolongued by two weeks due to discovery maintenance. All units are gradually being restarted. We estimate the full impact of the turnaround on the Q2/23 Clean CCS Operating Result to be around mid-double-digit EUR mn.

The Brazi power plant was closed for the entire quarter due to the previously announced extension of the shutdown.

Contact details:

OMV Petrom S.A. Investor Relations

Tel: +40 372 161 930; Fax: +40 372 868 518
E-mail: investor.relations.petrom@petrom.com

Disclaimer regarding forward-looking statements

This report may contain forward-looking statements. These statements reflect the Company's current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project", "target", "may", "will", "would", "could" or "should" or similar terminology. By their nature, forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control that could cause the Company's actual results and performance to differ materially from any expected future results or performance expressed or implied by any forward-looking statements.

None of the future projections, expectations, estimates or prospects in this report should in particular be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information and statements contained herein are accurate or complete.

As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these forward-looking statements as a prediction of actual results or otherwise. This report does not purport to contain all information that may be necessary in respect of the Company or its shares and, in any event, each person receiving this report needs to make an independent assessment. The Company undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this report that may occur due to any change in its expectations or to reflect events or circumstances after the date of this report.