The group controlled by the Russian state saw its net profit reach 2.159 billion rubles in 2021 (28.4 billion euros at the current rate), against 162 billion in 2020, according to this source, a result multiplied by 13.
Net profit attributable to shareholders reached 2.093 billion rubles, compared to only 135 billion in 2020, a year marked by a drop in demand and prices due to the coronavirus pandemic.
This is a net benefit of unprecedented magnitude.
“The main factor that affected the financial results is the increase in gas and oil prices,” Gazprom said in a statement, noting that its sales of crude oil and gas condensates increased in value by 81% in 2020. .
Turnover was multiplied by 1.6. It fell from 6.321 billion rubles in 2020 to 10.241 billion in 2021.
The Russian producer derives a large part of its income from its European exports, particularly to Western Europe. In 2021, it took advantage of the gas crisis in Europe due to exceptionally low stocks which contributed to a price explosion.
Conversely, Gazprom’s net profit had collapsed in 2020 over one year. In the hydrocarbons sector as a whole, the year was marked by a collapse in prices and demand for energy due to the measures taken to combat the pandemic, which affected the transport sector in particular.