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Finance

Russia's Gazprom Neft says 2024 net profit down 25% to $5.2 billion

Published by Global Banking & Finance Review

Posted on February 14, 2025

1 min read

· Last updated: January 26, 2026

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Gazprom Neft reports 2024 profit decline, impacting Russian finance sector - Global Banking & Finance Review — This image highlights Gazprom Neft's announcement of a 25% decline in net profit for 2024 to $5.2 billion, reflecting significant changes in the Russian finance landscape.

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MOSCOW (Reuters) - Gazprom Neft, the oil arm of Russian energy giant Gazprom, announced on Friday that its net profit for 2024 was 479.5 billion roubles ($5.22 billion), a decrease of 25.2% year-on-

Gazprom Neft Reports 25% Decrease in 2024 Net Profit

MOSCOW (Reuters) - Gazprom Neft, the oil arm of Russian energy giant Gazprom, announced on Friday that its net profit for 2024 was 479.5 billion roubles ($5.22 billion), a decrease of 25.2% year-on-year.

The company reported that its revenue reached 4.1 trillion roubles, a 16.5% increase compared to 2023.

Adjusted EBITDA rose by 5.8% to 1.4 trillion roubles.

($1 = 91.8705 roubles)

(Reporting by Olesya Astakhova; Writing by Maxim Rodionov;Editing by Elaine Hardcastle)

Key Takeaways

Gazprom Neft's 2024 net profit decreased by 25.2%.
The company's revenue increased by 16.5% in 2024.
Adjusted EBITDA rose by 5.8% to 1.4 trillion roubles.
Gazprom Neft is the oil arm of Gazprom.
Exchange rate used: $1 = 91.8705 roubles.

Frequently Asked Questions

What is the main topic?

The article discusses Gazprom Neft's financial performance in 2024, highlighting a decrease in net profit and an increase in revenue.

What were Gazprom Neft's financial results for 2024?

Gazprom Neft reported a 25.2% decrease in net profit to $5.2 billion, with a 16.5% increase in revenue.

How did Gazprom Neft's EBITDA change in 2024?

Adjusted EBITDA for Gazprom Neft rose by 5.8% to 1.4 trillion roubles in 2024.

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