Economic Performance Data

Profit/(loss) before taxmn.lei1,4794,2774,9142,9041,052
Sales 10mn. lei19,71725,48522,52319,43512,594
Total capitalization 11mn.lei20,59025,32016,93716,20014,784
Quantity of products provided      
Downsteam Oil total refined product saleskt4,9935,4624,9875,0734,932
thereof: Gasolinekt1,2911,3101,2081,2491,297
Kerosene/Jet fuelkt126289275279251
Fuel oils & Bitumenkt329342267276282
thereof: Retail sales volumes 12kt2,6192,8472,7432,7032,561
Upstream sales volumesmn boe50.352.154.357.859.9
Gas sales VolumesTWh5754.847.351.443.9
Net electrical outputTWh4.
Direct Economic Value Generated13 (DEVG)mn. lei20,44126,04022,89819,82513,593
Economic Value Distributed14 (EVD)mn. lei20,94123,97919,81318,17012,563
Economic Value Retainedmn. lei-5002,0613,0851,6551,030
Financial Assistance Received from Government 15     
Tax relief (mainly for reinvested profit)mn.lei11991413
Tax credits (mainly sponsorships)mn. lei4781382524
Other financial benefitsmn.lei20000
Investment grantsmn. lei0010381203
Total proved reserves as of December 31mn boe473504532566582
Total hydrocarbon productionmn boe52.9855.3558.361.1860.66
of which crude oil and NGL productionmn boe25.5126.1226.7827.3326.34
of which natural gas productionbn cm4.214.474.835.185.25

Note: Starting January 2017, OMV Petrom’s Consolidated Income Statement has been restructured in line with industry best practice in order to better reflect the operations of the Group and enhance transparency for the users of the financial statements. For more information, please see OMV Petrom’s Investor News published on April 6, 2017, which can be found on the company’s website, section Investors › Investor News.

10 Sales excluding petroleum products excise tax

11 Calculated based on the closing share price and
RON/EUR exchange rate as of the last trading day of the respective year;

12 Retail sales volumes refer to sales via Group’s filling stations in Romania, Bulgaria, Serbia, Moldova

13 DEVG = net sales, other operating income and financial revenues (interest income and income from at-equity accounted investments)

14 EVD = value distributed to stakeholders (suppliers, governments, capital providers, employees, shareholders, society).

15 Mainly financing contract for the investment in the Combined Cycle Power Plant located at Brazi (based on the date of the agreement); in 2020, 2 mn lei comes from other financial benefits from Bulgaria.