Monday 28 July 2014

Gazprom

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OGZPY

After its revenue dipped in 2012, Russian energy giant Gazprom started to climb back up the Global 500 with a 7.5% sales increase last year.

The world’s largest natural gas producer has been front and center in the ongoing political tensions between Russia and the Ukraine, as the state-controlled firm cut 

off the latter’s gas supply over alleged unpaid bills. As Ukraine and Gazprom go to court over the matter, the Russian company could stand to lose almost 3 billion in 

earnings by 2016 should the Ukraine reach a deal to get its gas elsewhere.

Meanwhile, Gazprom is looking to reduce its reliance on Europe for revenues after signing a landmark, 30-year, 400 billion deal to supply China with natural gas.

Key Financials:

Revenues 165,016.707.5%
Profits 35,769.40-6.1%
Assets 409,205.90


fortune.com

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