Gazprom Neft reports record financial performance for 2017
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Gazprom Neft has published consolidated financial accounts (IFRS) for the 12 months ended 31 December 2017.
Net profit for the 12 months of 2017 of RUB253 billion — a 26.5-percent increase on 2016;
Adjusted EBITDA* reached RUB551 billion in 2017, a 20.8-percent increase on 2016;
Hydrocarbon production (including Gazprom Neft’s share in production at joint ventures) increases by 4.1 percent on 2016, reaching 89.75 million tonnes of oil equivalent (mtoe);
Revenue (including duties) increased by 18.2 percent on 2016, reaching RUB2.004 trillion;
Free cash flow (FCF) generated over the 12 months of 2017 stands at RUB65 billion.