Company overview
Gazprom Neft is a vertically integrated oil company, primarily engaged in oil and gas exploration and production, refining, and the production and sale of petroleum products. Gazprom Neft — leading the Russian oil industry in terms of efficiency.
Strategic goals
Gazprom Neft achieved a record financial performance in 2018, delivering the highest profits in the company’s history. The company is building its strategy around technological development, implementing cutting-edge solutions to achieve its long-term goals.
Regions of operation
The Gazprom Neft Group of Companies comprises more than 70 production, refining and sales subsidiaries throughout Russia, the CIS, and abroad. As at 31 December 2018 Gazprom Neft’s total hydrocarbon proved and probable (2P) reserves (SPE-PRMS standards), including shares in production at joint enterprises, stood at 2.84 billion tonnes of oil equivalent (btoe).
Exploration and mining
The correlation between production and refining at Gazprom Neft is among the best in the industry in Russia. In terms of production and refining volumes Gazprom Neft is one of the top three Russia companies.
Gazprom Neft is committed to implementing the latest methodologies in exploration, production and refining — thanks to which, the company is giving new impetus to technological development throughout Russia’s oil industry.
Processing and Sales
Gazprom Neft operates throughout Russia’s most important oil and gas regions, including the Khanty-Mansi and Yamalo-Nenets Autonomous Okrugs, and in the Tomsk, Omsk and Orenburg Oblasts. The company’s key refining facilities are located around Omsk, Moscow and Yaroslavl, and in Serbia. In addition to this, Gazprom Neft is also implementing production projects outside of Russia — in Iraq, Venezuela, and other countries.
Gazprom Neft exports to more than 50 countries worldwide, as well as selling its products throughout Russia and abroad through its own extensive retail network. The company currently has more than 1.8 thousand filling stations throughout Russia, the CIS and Europe.
Financial results
Gazprom Neft’s net profit for the 2018 financial year totalled RUB376.7 billion, a year-on-year increase of 48.7 percent. Adjusted EBITDA increased to RUB800 billion in 2018 — a year-on-year increase of 45.1 percent.
Gazprom Neft’s largest shareholder is Gazprom (95.68 percent). The remaining shares are in free float.
Gazprom Neft in Figures
(as at 31 December 2018)
Financial performance
Performance indicators
