October 29, 2025 [Reuters]- Austrian oil, gas and chemicals group OMV beat third-quarter profit expectations on Wednesday, benefiting from higher contributions from its fuels and chemicals segment.

The Vienna-based firm posted a clean operating profit of 1.262 billion euros ($1.47 billion), while analysts expected 1.17 billion euros, according to a company-provided consensus.

The clean operating result is based on the current cost of supply, and excludes one-off items and short-term gains and losses from energy inventory holdings.

OMV’s chemicals division, considered to be its growth engine as it transitions away from polluting fossil fuels, produces chemicals used in gas and water pipes, car parts, and medical syringes.

The division delivered a clean third-quarter operating result of 222 million euros, up 64% compared to last year.

Consolidated sales revenues from continuing operations decreased by 7% to 6.26 billion euros, mainly due to lower sales volumes from contracts with customers in parts of the energy segment.

Energy production declined by 8%, primarily due to the divestment of SapuraOMV, the company said in a statement.

OMV said earlier this month it recorded lower average energy prices in the third quarter of 2025, as average natural gas prices fell by 6% from the previous quarter.