Gazprom Neft’s business model is based on the principle of vertical integration. Operating at all stages of the production chain (in both the upstream and downstream segments as well as sales and marketing) it allows the company to remain resilient and enhance its operating efficiency in the future.
Creating stakeholder value
What we do
2019 results
Shareholders and investors
Long-term value growth
High level of dividend yield
Ongoing communications with investors, shareholders and analysts to maintain a fair price for Gazprom Neft securities
Developing a well-balanced corporate governance system to ensure compliance with Russian and international best practices, taking into account the specifics of the industry
Transparent reporting of development strategy implementation
Fair dividend policy
Respecting minority shareholders’ rights
Continuously developing a risk-management system with highly detailed levels of responsibility
Gazprom Neft share price as at 31 December 2019: ₽420.2 per ordinary share (+21.2%year on year)
Dividend payout for 6M 2019: 40% of consolidated IFRS result
Dividend yield: 8% for 2019
Customers and consumers
Readily available and stable energy supplies
Good consumer value and environmental performance of products
Expanding direct sales to corporate clients through the directly-owned distribution network
Expanding the Gazpromneft filling station network and developing its loyalty programme
Partnerships with leading petroleum-product customers
Developing and manufacturing products with enhanced consumer and environmental properties
Increasing the efficiency of distribution channels by business process digitalisation and developing communication channels for customers and contractors
Leading positions in premium petroleum-products markets
11.9million participants in the Gazpromneft filling station network’s loyalty programme
All motor fuels are compliant with the Euro 5 environmental standard
Jet fuel supplied to 283 airportsin67countriesworldwide
Bunkering in 35 ports in Russia, Romania, Latvia and Estonia
Lubricants supplied to 80countries
Gazprom Neft is the first Russian oil company to have its own bitumen terminal network
Employees
A stable employer offering professional development opportunities
A competitive compensation package
Systematic recruitment and employee rotation programmes
Talent management, competency development and training
Developing motivation programmes and building a culture of engagement
Increasing employees’ productivity and organisational efficiency
Increasing efficiency of human resources management
The company has topped the Randstad Award ranking of the most attractive employers in Russia
The average monthly salary in the company is ₽134,000 (up9.3%).
Local communities
Corporate responsibility and regional development
Making significant tax contributions to local budgets
Contributing to the development of social infrastructure
Minimising negative environmental impact
Supporting local initiatives
Gazprom Neft is a major taxpayer in the key regions of its operation
₽37million allocated in 2019 for grants under the ‘Home Towns’ Programme; 143 projects implemented
Social investments by Gazprom Neft under social and economic agreements with regional governments totalled ₽2.9 billion
Government
Energy security
Tax payments
Technological development of the Russian oil and gas industry
Stable production growth and efficient oil refining with an extensive distribution network for petroleum products
Implementation of the first major offshore project (Prirazlomnoye) and integrated development of the Russian Arctic shelf
Developing a centre of technological excellence and ensuring technological independence
Hydrocarbon production: 96.1 mtoe
Over₽700 billion paid in tax and other statutory payments in 2019
Extending productive life of mature fields through the use of cutting-edge technologies
Creating tools to remove regulatory industry barriers through the Digital Oil and Gas industry-wide working group