RussNeft increases net profit by 2.9 times to 17.95 billion rubles in 1 quarter of 2022

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RussNeft increases net profit by 2.9 times to 17.95 billion rubles in 1 quarter of 2022
25.04.2022
Net profit of RussNeft oil company in the 1st quarter of 2022 according to Russian Accounting Standards (RAS) increased by 2.9 times year-on-year to 17.95 billion rubles. Revenue rose by 1,9 times to 88,73 billion rubles.

RussNeft is in the top 10 companies by volume oil production in the country. Founded in 2002. In November 2016, its ordinary shares were publicly offered on the Moscow Stock Exchange.

RussNeft has a balanced portfolio of assets in the key oil and gas regions: the Volga Region, Central and Western Siberia. The company  articipates in oil development and production projects in the Republic of Azerbaijan. The volume of reserves under the international classification (SPEPRMS) by the 2P category is 210 mln tons.

Investment holding SFI owns 11,2% of RussNeft.