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As of the end of 2024, the government of Russia controlled just over 50 percent of shares of the gas company Gazprom, mostly through the Federal Agency for State Property Management, which holds 38.37 percent of shares, but also through the companies Rosneftegaz (10.97 percent of shares) and Rosgazifikatsiya (0.89 percent of shares). Between April 2006 and April 2022, Gazprom's shares were offered as American Depositary Receipts (ADR) controlled by the Bank of New York Mellon.

Key facts about Gazprom

In 1989, the Soviet Ministry of Gas Industry was converted into Gazprom, a corporation. Later, the company was privatized with the Russian government holding a majority. Currently, Gazprom’s headquarters are located in Moscow. The company has grown, increasing its total employee numbers from 393,600 in 2009 to 477,600 in 2020.

Gazprom owns some 24.5 billion cubic meters of natural gas reserves in Russia and accounts for nearly 66 percent of Russia’s gas production. The company is the largest extractor of natural gas in the world. Russia and the United States are some of the largest producers of natural gas in the world. Gazprom generated over 6.3 trillion Russian rubles in net revenues globally in 2020.