OMV Petrom approves distribution of 1.76 billion RON as dividends for 2019

OMV Petrom announces the decisions adopted at the Ordinary General Meeting of Shareholders on April 27. The company has approved the budget for 2020 and will distribute to shareholders around 1.76 billion RON as dividends for 2019.

“We have maintained our proposal to distribute dividends, despite the pressure on our industry, in the context of the coronavirus pandemic and the sharp drop in crude oil prices. The approved dividend reflects the 2019 performance of OMV Petrom. During this difficult period, we maintain our commitments to our shareholders – including the Romanian state,” said Christina Verchere, CEO of OMV Petrom.

The Ordinary General Meeting of Shareholders approved the proposal of the Management Board to distribute dividends in gross value of 0.031 RON/ share for the financial year 2019, increasing by 15 percent compared to 2018. The total gross value of dividends to be distributed amounts to approximately 1.76 billion RON, representing 48 percent of the net profit attributable to the shareholders of OMV Petrom for the year 2019.

Post Views: 4,788

Search for an article

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

INTERVIEW Răzvan Marincoi, Generatik: “The mall is slowly turning into a media asset, not just a shopping centre”

Accenture study: 74% of consumers are ready to let an AI agent shop on their behalf

INTERVIEW Andrei Berechet, Adrem: “Data center developers will be increasingly significant clients in the next three to five years”

Romanian Police and Ursus Breweries Study: Perceived traffic safety reaches a historic high in Romania, at 66%, but the main risks remain speed, inattention,...