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1. www.aljazeera.com › economy › 2024/5/2Gazprom falls to first annual loss in 20 years as trade with ...

   www.aljazeera.com › economy › 2024/5/2

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   May 2, 2024 · Kremlin-owned gas giant Gazprom has said it plunged to a net loss of 629 billion roubles ($6.9bn) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe,...

2. www.reuters.com › business › energyGazprom plunges to first annual loss in 20 years as trade ...

   www.reuters.com › business › energy

   May 2, 2024 · MOSCOW, May 2 (Reuters) - Kremlin-owned gas giant Gazprom (GAZP.MM) said on Thursday it plunged to a net loss of 629 billion roubles ($6.9 billion) in 2023, its first annual loss in more than...

3. www.cnn.com › 2024/05/03 › businessGazprom: Russian oil giant posts first annual loss in 20 ...

   www.cnn.com › 2024/05/03 › business

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   May 3, 2024 · Moscow — Kremlin-owned gas giant Gazprom plunged to a net loss of 629 billion rubles ($6.9 billion) in 2023, its first annual loss in more than 20 years, as sales to Europe plummeted in the...

4. www.upstreamonline.com › finance › gazprom-plansGazprom plans complicated by second-quarter net loss

   www.upstreamonline.com › finance › gazprom-plans

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   Sep 1, 2023 · Gazprom reported a net loss of 19 billion roubles ($190 million) in the second quarter compared with a net profit of 1.1 trillion roubles in the second quarter of 2022.

5. www.newsweek.com › gazprom-russia-sanctions-gasRussian Gas Giant's Production Plummets to Historic Low

   www.newsweek.com › gazprom-russia-sanctions-gas

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   Jun 11, 2024 · Following a year of losses, it emerged that Gazprom had also cut production by 13 percent in 2023.

6. finance.yahoo.com › news › gazprom-reports-nearly-6Gazprom reports nearly $6.9 billion in net losses in 2023

   finance.yahoo.com › news › gazprom-reports-nearly-6

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   May 2, 2024 · Gazprom published its international earnings report on May 2, revealing $6.84 billion in net losses in 2023, compared to a net income of 1.23 trillion rubles (about $13 billion) in 2022....

7. People also ask

   Why did Gazprom lose 629 billion roubles in 2023?

   • Kremlin-owned gas giant Gazprom has said it plunged to a net loss of 629 billion roubles ($6.9bn) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market.

   Gazprom falls to first annual loss in 20 years as trade with Europe hit

   www.aljazeera.com/economy/2024/5/2/gazprom-falls-to-first-annual-loss-in-20-years-as-trade-with-europe-hit

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   How did Gazprom perform in 2023?

   • Gazprom has also been engaged in an extensive programme of bringing natural gas to local households. It said on Thursday it made a net loss of 364 billion roubles from sales in 2023, in contrast to a profit of 1.9 trillion roubles in 2022. Its total revenue fell to 8.5 trillion roubles last year from 11.7 trillion in 2022.

   Gazprom plunges to first annual loss in 20 years as trade with Europe

   www.reuters.com/business/energy/russias-gazprom-swings-into-69-billion-net-loss-2023-2024-05-02/

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   How much money did Gazprom make in 2022?

   • The company made a net profit of 1.2 trillion ($13.1 billion) rubles in 2022, the year Russia launched its full-scale invasion of Ukraine. According to Reuters’ analysis, it was Gazprom’s first annual loss since the late 1990s or early 2000s, around the time Alexei Miller, an ally of President Vladimir Putin, took over the company in 2001.

   Gazprom: Russian oil giant posts first annual loss in 20 years as sales

   www.cnn.com/2024/05/03/business/gazprom-posts-first-loss/index.html

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   How much gas does Gazprom Export in 2023?

   • According to Reuters' calculations, Gazprom's natural gas supplies to Europe plummeted 55.6% to 28.3 billion cubic metres (bcm) in 2023. Gazprom has not published its own export statistics since the start of 2023. ($1 = 91.6730 roubles) The Reuters Power Up newsletter provides everything you need to know about the global energy industry.

   Gazprom plunges to first annual loss in 20 years as trade with Europe

   www.reuters.com/business/energy/russias-gazprom-swings-into-69-billion-net-loss-2023-2024-05-02/

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   How bad was Gazprom's EBITDA in 2023?

   • "The full-year EBITDA of $7.2 billion was the worst in 22 years, since the company reported $7.6 billion in 2002," said Ronald Smith from Moscow-based brokerage BCS Global Markets. According to Reuters' calculations, Gazprom's natural gas supplies to Europe plummeted 55.6% to 28.3 billion cubic metres (bcm) in 2023.

   Gazprom plunges to first annual loss in 20 years as trade with Europe

   www.reuters.com/business/energy/russias-gazprom-swings-into-69-billion-net-loss-2023-2024-05-02/

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   Did Gazprom cut natural gas production?

   • Adding to the bad news, Gazprom's annual report released Monday said that it had cut natural gas production by 13 percent to an all-time annual low of 359 billion cubic meters (bcm). This was down from 412.94 bcm the previous year and a third less than the 515 bcm from 2021, in the year before the war.

   Russian Gas Giant's Production Plummets to Historic Low

   www.newsweek.com/gazprom-russia-sanctions-gas-1911098

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8. foreignpolicy.com › 2024/05/15 › gazprom-2023-resultsGazprom's Record Loss Spells Trouble for Moscow - Foreign Policy

   foreignpolicy.com › 2024/05/15 › gazprom-2023-results

   May 15, 2024 · And just this month, Gazprom posted a massive $6.8 billion loss for 2023, the first since 1999. Gazprom’s losses demonstrate the extent to which the Kremlin’s decision to turn off the gas tap...