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The Russian gas and oil company Gazprom generated some *** trillion Russian rubles in revenue in 2023, while the operating loss stood at approximately *** billion Russian rubles in the same year. Gazprom was the only company exporting pipeline gas from the country. 

Key facts about Gazprom

Headquartered in Moscow, Gazprom was created in 1989 after the Soviet Ministry of Gas Industry was converted into a corporation. Today, Gazprom has become a privatized company, with the Russian government holding a majority of shares. Apart from fossil fuel production, Gazprom also holds subsidiaries in other sectors such as finance, media, and aviation. One of the largest employers in Russia, Gazprom had over ** personnel.

Gazprom's position in the global gas market

Gazprom accounted for ** percent of the global natural gas production in 2021, having increased its market share from the previous year. The company is one of the largest extractors of natural gas in the world and in Russia.