Austrian oil-and-gas company OMV AG is trying to grow in Central Europe's fragmented energy market and stay competitive with European energy giants, but moves by the U.S. and other governments could complicate the company's expansion plans. ( WSJ )
Though a fraction of the size of companies such as Exxon Mobil Corp., OMV, after several acquisitions in recent years, is now the biggest oil-and-gas player in Central and Eastern Europe, with sales of €19 billion ($26.16 billion) last year.
Since 2002, when former Austrian Finance Minister Wolfgang Ruttenstorfer took over as OMV's chief executive, net profit has jumped more than fourfold.