1023 GMT - OMV shares are lagging behind peers due to its sizeable exposure to the United Arab Emirates, Jefferies analysts write. Shares in the Austrian oil-and-gas group are up around 30% over the year to date but haven't kept pace with peers since the conflict in the Middle East began, they write. Its exposure to the UAE is material given around 17% of its 2025 liquids production came from offshore fields there, they say. It also owns 15% of ADNOC Refining and ADNOC Global Trading as well as having significant UAE petrochemicals exposure via its 46.94% shareholding in Borouge Group International once the deal completes, they write. The uncertainty weakens the outlook for its shares, with the analysts lowering their rating for the stock to hold from buy. Shares trade up 0.2% to 61.50 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 06:23 ET (10:23 GMT)
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