Qualitative analysis of the industry positioning of the largest oil & gas producer in Austria

Olena Symonenko; Dmytro Symonenko

doi:10.26906/EiR.2022.3(86).2642

Authors

Olena Symonenko National University of Life and Environmental Sciences of Ukraine https://orcid.org/0000-0002-2459-4187
Dmytro Symonenko University of Vienna

DOI:

https://doi.org/10.26906/EiR.2022.3(86).2642

Keywords:

analysis, oil & gas, industry, circular economy, sustainability, financial framework, competition, ESG, ratings

Abstract

This article is devoted to the qualitative analysis of the positioning of Austrian oil & gas producer OMV in terms of market competition, the industry as well as ESG standards. We researched the oil & gas industry to understand the positioning of OMV and compared it to competitors. Moreover, we analysed ESG-related topics since sustainability has become a relevant topic recently, especially in Europe, so companies must comply with environmental, social, and governance regulations. Driver to transform OMV to an integrated petrochemical company is developing in the long run due to worldwide sustainability trends. There is promising growth for the petrochemical industry as well and OMV is moving forward with expanding its sustainability portfolio as well as launching projects and integrations relating to ESG topics.

Author Biographies

Olena Symonenko, National University of Life and Environmental Sciences of Ukraine

Associate Professor

Dmytro Symonenko, University of Vienna

Master of Science

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