Austrian oil and gas group OMV said on Friday it expected windfall taxes in Austria and Romania to reduce its reported net income by between €150 million and €200 million ($169 million and $225 million) in the third quarter, while a lack of shipments from the Middle East also affected the results.
Lingering disruptions to global oil and fuel flows caused by the US-Israeli war with Iran have spurred oil analysts to raise their average Brent crude oil price forecasts for 2026, although they have noted signs of a gradual improvement in export flows from the Middle East.
No third-quarter shipments from the Middle East caused a setback of €100 million to the energy division's operating income.
OMV recorded average natural gas prices 30.2 per cent higher in the third quarter than in the second quarter.
Its average realised crude oil price fell to $93.60 per barrel in the July-September period from $97.80 in the second quarter.
A "considerably weaker" market environment across regions weighed on the group's chemicals division, where it expects significantly lower operating profit quarter-on-quarter.
OMV's share price has gained around 50 per cent in value since January.
(Reporting by Danny Callaghan and Tristan Veyet in Gdansk, editing by Milla Nissi-Prussak)
