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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  Gazprom Neft    SIBN   RU0009062467

GAZPROM NEFT

(SIBN)
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Gazprom 3Q Profit Rises 27% on the Quarter as Oil Markets Recover

11/19/2020 | 10:44am EST

By Jaime Llinares Taboada

Gazprom Neft said Thursday that its third-quarter profit increased from the second quarter of the year as it benefited from higher oil prices and the partial lifting of coronavirus-induced restrictions.

The Russian energy company posted a net profit of 27.96 billion rubles ($368 million) for the three months ended Sept. 30, up from RUB22.04 billion in the second quarter. Chief Executive Alexander Dyukov said the performance was in line with internal expectations.

Gazprom revenue rose 35% on the quarter, to RUB536.74 billion, as realized hydrocarbon prices surged 77% to $11.52 per barrel of oil equivalent.

However, the financial performance remains well below 2019. The company made a RUB36.19 billion net profit for January-September, compared with RUB319.97 billion a year earlier.

"We continue to take a highly disciplined approach to cutting costs and are implementing a range of initiatives aimed at improving the company's operational efficiency amidst low oil prices and slower demand for oil and oil products," Mr. Dyukov said.

Shares at 1500 GMT were down RUB1.06, or 0.6%, at RUB183.94.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

11-19-20 1044ET

Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM 1.06% 217.12 End-of-day quote.2.08%
GAZPROM NEFT 0.53% 325.2 End-of-day quote.2.60%
LONDON BRENT OIL 0.40% 55.76 Delayed Quote.8.43%
PUBLIC JOINT STOCK COMPANY GAZPROM NEFT -2.09% 21.1 Delayed Quote.0.47%
WTI 0.69% 52.757 Delayed Quote.9.49%
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Financials (USD)
Sales 2020 26 462 M - -
Net income 2020 1 255 M - -
Net Debt 2020 10 141 M - -
P/E ratio 2020 16,3x
Yield 2020 3,77%
Capitalization 20 037 M 20 087 M -
EV / Sales 2020 1,14x
EV / Sales 2021 1,03x
Nbr of Employees -
Free-Float 6,84%
Chart GAZPROM NEFT
Duration : Period :
Gazprom Neft Technical Analysis Chart | SIBN | RU0009062467 | MarketScreener
Technical analysis trends GAZPROM NEFT
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 4,46 $
Last Close Price 4,25 $
Spread / Highest target 35,8%
Spread / Average Target 5,09%
Spread / Lowest Target -48,2%
EPS Revisions
Managers and Directors
NameTitle
Alexander Valerevich Dyukov Chief Executive Officer & Executive Director
Alexei Borisovich Miller Chairman
Alexey Viktorovich Yankevich Deputy Chief Executive Officer-Economics & Finance
Vladimir Ivanovich Alisov Non-Executive Director
Kirill Gennadievich Seleznev Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GAZPROM NEFT2.60%20 087
SAUDI ARABIAN OIL COMPANY-0.71%1 854 023
ROYAL DUTCH SHELL PLC9.14%145 909
TOTAL SE1.49%113 916
PETROCHINA COMPANY LIMITED2.08%110 352
GAZPROM2.08%67 933