Gazprom Neft at a glance
Sustainable business growth is inextricably linked to the well-being of the communities in which Gazprom Neft operates

Over the past 10 years, the company has evolved into a major global player committed to maintaining stable long-term customer relationships and maximising the efficiency of the energy supply for society, all the while taking environmental impacts into account.

As it progresses towards its strategic goals, the company works hard to create stakeholder value at each stage of its operations.

Gazprom Neft is determined to consolidate its position in the top league of global public oil companies and become a benchmark for industry peers in terms of safety, efficiency and technological advancement. To do so, the company has adopted the Development Strategy to 2030 that is underpinned by digital, cultural, operational and organisational transformations.

Growing relevance of environmental and social factors

The company acknowledges society’s growing demands: higher standards and an increasing insistence on the safety of people and processes, environmental and other social aspects of the business.

Environmental and social aspects of operations occupy an increasingly high position on the agendas of industrial companies. Often acting in their investors’ interests, such companies lead initiatives to develop low-carbon technologies and reduce the environmental impact of their sector. More specifically, some major funds have limited their investments in conventional energy or are planning to account for carbon footprint in asset portfolio management.

Gazprom Neft does its utmost to be proactive in responding to change, and is actively engaged in shaping markets, technologies and the environment in which it operates. Gazprom Neft is putting in place HSE, HR management and community relations strategies based on international best practice.

Performance highlights

Gazprom Neft proved reserves under the PRMSPetroleum Resources Management System. classification are comparable to those of global oil majors. As at 31 December 2019, Gazprom Neft proved reserves totalled 1,583 million tonnes of oil equivalent (mtoe).

The company consolidated its market leadership as one of Russia's top-three hydrocarbon producers in 2019, having increased total production (including shares in joint ventures) to 96.1 mtoe.

Gazprom Neft also ranks in the top three Russian oil companies by refining volumes, and is an industry leader in terms of the refining-to-production ratio. The company’s key refining facilities are located in Omsk, Moscow and Yaroslavl, as well as in Pančevo (Serbia). In 2019, refining volumes totalled 41.5 million tonnes (mt).

Gazprom Neft products are exported to more than 100 countries worldwide, and sold throughout Russia and abroad through an extensive network of directly-owned retail outlets. The company’s filling station network in Russia, the CIS and Europe has a total of 2,077Operating filling stations including franchising. outlets.

In 2019, the company sold 26.5 mt of oil and 45.4 mt of petroleum products. Net profit totalled ₽422.1 billion.

Economic value generated and distributed, ₽ billion