According to the results of 2021, net profit under the IFRS of Gazprom Neft amounted to 503.4 billion rubles. Compared to 2020, it has more than quadrupled. This follows from the financial results for the second quarter of 2021 published on the company’s website.
Gazprom Neft’s revenue for the 12 months of 2021 amounted to RUB 3.068 trillion. – this is 53.5% higher than the result of last year and higher than the forecast of 3.043 trillion rubles.
EBITDA doubled compared to last year, to RUB 986.1 billion. The free cash flow of the company amounted to 500.1 billion rubles. The company increased capital expenditures in 2021 by 6.8% to RUB 441.8 billion.
Last year, Gazprom Neft replenished production with new reserves by 283%. The level of oil production has overcome the mark of 100 trillion tons in oil equivalent, thus, compared to last year, production increased by 5.6%.
According to the head of the company Alexandra Dyukova, the company’s key indicators reached record levels due to the recovery in demand for oil, as well as due to the company’s effective and quick response to changes in market conditions.
The company’s oil refining volume in 2021 increased by 7.8% compared to the same period a year earlier, to a record 43.5 million tons. According to Gazprom Neft, the company has expanded its resource base through successful exploration and further exploration of assets in Western and Eastern Siberia.
The growth in the value of shares for the year amounted to 49%. In December, the company’s shares updated their historical maximum, then they were traded at 562 rubles on the Moscow Exchange. for paper.
Why fuel in Europe costs as in the best years for Gazprom – in the material “Kommersant” “Gas prices returned ten years ago.”