Russia’s Gazprom Neft says 2024 net profit down 25% to $5.2 billion

MOSCOW (Reuters) – Gazprom Neft, the oil arm of Russian energy giant Gazprom, announced on Friday that its net profit for 2024 was 479.5 billion roubles ($5.22 billion), a decrease of 25.2% year-on-year.

The company reported that its revenue reached 4.1 trillion roubles, a 16.5% increase compared to 2023.

Adjusted EBITDA rose by 5.8% to 1.4 trillion roubles.

($1 = 91.8705 roubles)

(Reporting by Olesya Astakhova; Writing by Maxim Rodionov;Editing by Elaine Hardcastle)

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