JSC Gazprom Neft held its Annual General Meeting on 6 June 2014. On the basis of 2013 year-end results shareholders confirmed the recommendation of the Board of Directors that dividends be paid in the order of 25 percent of consolidated net profits (IFRS), amounting to RUB 44.47 billion or RUB 9.38 per ordinary share (taking into account dividends paid on the basis of the first half of the 2013 financial year). Dividend payments for the 2013 financial year are likely to exceed 2012 levels by almost RUB380 million.
JSC Gazprom Neft is a vertically integrated oil company engaged primarily in oil & gas exploration and production (E&P), the sale and distribution of crude oil, and the production and sale of petroleum products.