Russian Oil Firm Gazprom Neft Sees Profit Plummeting 43% ...Middle East

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Russian Oil Firm Gazprom Neft Sees Profit Plummeting 43%
source : OILPRICE ( Middle East ) () 19
Gazprom Neft, the oil arm of Russian state gas giant Gazprom, reported a 43% annual slump in its second-quarter net profit amid lower sales. For the first half of 2023, Gazprom Neft’s net income fell by 40% to $3.2 billion (304 billion Russian rubles), but was higher than analyst estimates, according to Russian news agency Interfax. Last year, Gazprom Neft did not publish an annual results report. Analysts had expected worse performance so far this year than the results the company announced on Thursday, Interfax reports. For the second quarter…

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