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OMV AG (XTER:OMV) Allowance For Loans And Lease Losses


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What is OMV AG Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


OMV AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » OMV AG (XTER:OMV) » Definitions » Allowance For Loans And Lease Losses
Address
Trabrennstrasse 6 - 8, Vienna, AUT, 1020
OMV AG is an international, integrated oil and gas company that operates in the Energy, Fuels and Feedstock, and Chemicals & Materials segments. The company has exploration and production assets in a multitude of countries in Europe, Asia, and Africa. The Energy segment engages in the business of oil and gas exploration, development and production. The Fuels and Feedstock segment which generates key revenue, refines and markets crude oil and other feedstock. The Chemicals & Materials (C&M) segment provides circular polyolefin solutions and base chemicals, fertilizers, and plastics recycling. Geographically, the company generates a majority of its revenue from Austria and the rest from its operations in Germany, Romania, Norway, and other regions.