The company today
Gazprom Neft is a vertically integrated oil company (VIOC) whose principal activities include the exploration, development, production, and sale of crude oil and gas as well as oil refining and the production and sale of petroleum products.
The Company operates in Russia’s largest oil and gas regions and also has production projects outside of Russia in such countries as Iraq and Venezuela, among others. The Company’s primary refining facilities are located in Russia’s Omsk, Moscow, and Yaroslavl Regions in addition to Serbia.
Gazprom Neft is a major player on the energy market. The Company produces and supplies a broad range of petroleum products for a number of industries both in Russia and abroad.
In terms of proven hydrocarbon reserves according to PRMS-SPE classification, Gazprom Neft is comparable with the world’s largest oil companies.
Regions of operation
Leadership on the Russian market
Capitalization and income for shareholders
The common shares of Gazprom Neft circulate in Russia on the main trading platforms of the unified exchange Moscow Exchange PJSC. Globally the Company’s shares trade in the form of American Depository Receipts (ADRs) in OTC trading in the UK via the LSE IOB system and in the U.S. via the OTCQx system as well as in other countries.
According to the dividend policy of Gazprom Neft PJSC, at least 15% of the consolidated IFRS result, or 25% of RAS net profit, is distributed for dividends. In recent years, the Company has spent 25% of its consolidated IFRS results on dividends.
Well-developed innovative infrastructure
- Multi-fold increase in the yield of fields and the incorporation of difficult reserves in production due to new technologies.
- More new opportunities for logistics, refining, and marketing through digitalization.
Successful project management at all stages of the life cycle
- Effective development of a mature resource base.
- Ensuring a maximum return on investment for new projects.
High refining efficiency
- Modernization of oil refineries with increased refining depth and yield of light petroleum products.
- Minimization of environmental risks.