icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Gazprom Neft posts 9M 2010 net income of $2.366 billion

Gazprom Neft posts 9M 2010 net income of $2.366 billion
Russian oil producer Gazprom Neft has posted a 9M 2010 net income of $2.366 billion under U.S. GAAP.

The 9M net result is up 24% year on year from the 9M 2009 net income of $1.906 billion, with 9M EBITDA rising 21% year on year to $5.147 billion, on the back of a 43% year on year increase in 9M revenues to $23.709 billion.The 9M figures included a 3Q net income of $865 million, up 16% quarter on quarter, with 3Q EBITDA up 30% quarter on quarter to $2.011 billion, as 3Q revenues rose 5% quarter on quarter to $8.387 billion.Gazprom Neft said that 3Q revenues rose on the back of increased sales volumes with 9M revenues reflecting increased crude prices and the NIS and Sibur Energy acquisitions in 2009.  This was buttressed by increased refining and petroleum products sales, and an improved sales mix.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts