«management»

... oil-contaminated fluid from the Amburnaya riverbed. The principles of sustainable development, including respecting the environment and the safety and wellbeing of our employees, remain the key focus for Gazprom Neft”. Alexander Dyukov CEO and Chairman of the Management Board, Gazprom Neft Financial highlights 2Q 1Q ∆, % 6 months ∆, % 2020 2020 2020 2019 398,265 514,568 (22.6) Revenue (RUB millions) 912,833 1,214,674 (24.8) 66,555 81,376 (18.2) EBITDA (RUB millions) 147,931 368,991 (59.9) 82,866 ...

The Gazprom Neft Board of Directors has produced a summary outlining the results of the first year of the company’s digital transformation strategy — new technologies and changes in business processes having delivered a RUB7.2-billion economic benefit to the company, as well as improving operational performance. More than 150 new digital initiatives and 10 digital transformation programmes were launched by Gazprom Neft in 2019. Thanks to the “Digital Oil” project, in particular, the company achieved...

... real contribution to the broader development of society, as a whole. This goal is fully aligned to our company’s mission statement: ‘Evolving, to evolve the world. Creating, to be proud of our creations”. Alexander Dyukov CEO and Chairman of the Management Board, Gazprom Neft

... investment programme. In spite of these issues, we continue to implement key upstream and refining projects, maintain our key areas of focus, and intend to continue our practice of paying interim dividends.” Alexander Dyukov CEO and Chairman of the Management Board, Gazprom Neft Gazprom Neft shareholders also confirmed the new composition of the Board of Directors, comprising 13 members, in addition to formally adopting the Company’s 2019 Annual Report and Accounts and considering a number of ...

... the macroeconomic environment, Gazprom Neft continued to generate free cash flow, which totalled RUB22 billion in 1Q 2020. In Q1 2020, the Company maintained a low leverage, with a net debt to EBITDA ratio of 0.88x. The company further improved the management of its loan portfolio, with the average interest rate decreasing to 5.68% as at Q1 2020 from 6.18% as at the end of 2019. The average debt maturity increased from 3.18 to 3.58 years. Ruble loans now exceed 50% of the Company’s total loan ...

Voting on agenda items at this year’s Gazprom Neft Annual General Meeting of Shareholders (AGM) opened on 21 May 2020, with shareholders able to use digital services provided by the National Settlement Depository (NSD) and registrar services provider DRAGA. All ballots completed by shareholders by 6:00 pm on 10 June 2020 will be included in calculating results. Gazprom Neft shareholders will be able to acquaint themselves with AGM materials online, and vote on...

The Gazprom Neft Board of Directors has reviewed the performance of the company’s investment programme, budget and borrowing programme in 2019. Gazprom Neft’s financial and operating results showed a positive trend in 2019. Hydrocarbon production volumes were up 3.5% y-o-y to 96.1 million tonnes of oil equivalent (mtoe). Refining volumes totalled 41.5 tonnes, with premium petroleum-product sales reaching 26.5 tonnes. The company’s 2019 net profit (IFRS) was up...

The Gazprom Neft Annual General Meeting of Shareholders will take place by absentee ballot on 11 June 2020 The Board of Directors recommends shareholders approve 2019 dividend payments of RUB37.96 per ordinary share — 26.5% up on 2018 The total accrued dividend for 2019 is expected to be in the order of RUB180 billion The Gazprom Neft Board of Directors has reviewed preparations for its Annual General Meeting of Shareholders (AGM). As approved by the Board of Directors, the AGM will take place...

The Gazprom Neft Board of Directors has reviewed information on the progress of projects being undertaken through long-term risk-operatorship agreements at Gazprom fields. Gazprom Neft’s involvement in these projects is facilitating the targeted development of oil and gas-condensate deposits at Gazprom assets — the point of such long-term risk-operatorship agreements being that Gazprom Neft invests its own resources in geological prospecting and infrastructure development...

The Gazprom Neft Board of Directors has been updated on progress on the construction of Russia’s first modern oil-refining catalyst-production facility. Gazprom Neft is continuing its construction of a high-tech-catalyst production facility in Omsk, with the future plant set to produce 21,000 tonnes of modern catalysts to be used in key processes involved in deep oil refining and the production of Euro-5 fuels. This initiative has been designated a “national...