OMV AG is engages in the exploration, production, processing, and supply of oil and gas. It operates through the following segments: Upstream, Downstream, and Corporate and Other. The Upstream segment focuses on development of oil and gas in its five core regions of Central and Eastern Europe, Russia, the North Sea, Middle East and Africa, and Asia-Pacific. The Downstream segment manages refineries where crude oil is processed into petroleum products. The company was founded on July 3, 1956 and is headquartered in Vienna, Austria.