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OMV AG engages in the exploration, production, processing and supply of oil and gas. It operates through the following segments: : Exploration & Production, Refining & Marketing and Chemicals & Materials. The Exploration & Production segment (formerly Upstream) engages in the businesses of oil and gas exploration, development, and production. The produced oil and gas is primarily sold within the OMV Group. Refining & Marketing (formerly the fuels part of the Downstream Oil and Downstream Gas business) combines the Refining division and the Marketing & Trading division. The Refining division is accountable for all activities in refining operations, supply of product, bio and intermediate feedstock, as well as gas logistics of the OMV Group. The Marketing division consists of natural gas supply & marketing, retail mobility & convenience, fuel sales and marketing, as well as crude supply & trading and commercial excellence. The Chemicals & Materials segment (formerly the petrochemicals part of Downstream including Borealis) combines all existing chemicals and circular economy activities in the OMV Group. The company was founded on the 3rd of July, 1956 and is headquartered in Vienna, Austria.