SKRIN: GAZPROM Company Overview

(March 2021) Gazprom remains the world leader in natural gas production. In 2019, the company accounted for about 11% of all global natural gas production and about 68% of production in Russia. The main shareholder of the Gazprom company is the Russian Federation, which holds 60% of capital. Thirty-eight percent of the company's capital belongs to Rosimushchestvo, the federal executive body that manages federal property in Russia, and the remaining 2% is held by legal entities.

While 2018 was a rather successful year for Gazprom, the company's financial performance deteriorated in 2019 because of falling demand for natural gas in Europe (where overall annual consumption shrank from 193.82 to 187.99 billion cubic meters in 2019) and domestically (where natural gas consumption contracted by 2.24% as a result of the warm winter).

• In 2019, Gazprom revenue decreased from 517.9 to 475.8 trillion rubles, resulting in an 8.1% year-over-year drop. The company's net profit fell to 65.1 trillion rubles, a 30% drop from to 2018 levels.
• Gazprom's total assets reached a historic high in 2019, rising 5% over year and hitting 1,591.6 trillion rubles by the end of the year. The company's total capital also reached its record maximum of 1,133.4 trillion rubles.
• The company's total liabilities decreased by 1.87% compared to 2018, with a simultaneous increase in the share of short-term liabilities in the company's total liabilities from 41.9 to 45.4%.