Economic Performance Data

Profit/(loss) before taxmn.lei12,0563,3981,4794,2774,9142,9041,052
Sales1mn. lei61,34426,01119,71725,48522,52319,43512,594
Total capitalization2mn.lei26,17128,26520,59025,32016,93716,20014,784
Quantity of products providedUnit2022202120202019201820172016
Downsteam Oil total refined product saleskt5,5225,3394,9935,4624,9875,0734,932
      thereof: Gasolinekt1,3891,2831,2911,3101,2081,2491,297
                        Kerosene/Jet fuelkt259164126289275279251
                        Fuel oils & Bitumenkt203315329342267276282
      thereof: Retail sales volumes3kt3,0432,9442,6192,8472,7432,7032,561
Exploration and production sales volumesmn boe41.7244.9650.352.154.357.859.9
      Gas sales VolumesTWh46.148.95754.847.351.443.9
      Net electrical outputTWh54,
Direct Economic Value Generated4 (DEVG)mn. lei63,36926,35520,44126,04022,89819,82517,224
Economic Value Distributed5 (EVD)mn. lei58,00825,21520,94123,97919,81318,17016,188
Economic Value Retainedmn. lei5,3611,139-5002,0613,0851,6551,036
Financial Assistance Received from GovernmentUnit2022202120202019201820172016
Tax relief (e.g. reinvested profit)mn.lei335635991413
Tax credits (e.g. sponsorships)mn. lei244664781382524
Other financial benefitsmn.lei26171310889
Investment grants6mn. lei010010381203
Total proved reserves as of December 31mn boe380419473504532566606
Total hydrocarbon productionmn boe43.4947.2152.9855.3558.361.1863.74
      of which crude oil and NGL productionmn boe20.923.0525.5126.1226.7827.3329.15
      of which natural gas productionbn cm3.453.74.214.474.835.185.29


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.

1 Sales excluding petroleum products excise tax

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

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

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

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

6 Mainly financing contract for the investment in the Combined Cycle Power Plant located at Brazi (based on the date of the agreement)