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As one of the fastest-growing companies in Russia, Rusneftegaz delivered a strong financial performance in the past financial year in spite of challenging trading conditions as a result of the ongoing coronavirus pandemic. In 2021, the Group strengthened its asset base and maintained strong oil production rates to enable high levels of financial growth across all of Rusneftegaz's production programs. Highlights of the last financial year are as follows:

  • Total revenue for the year was $655,8 million, with a total profit after tax of $255,3 million, a significant improvement on the results announced for 2020.
  • All revenue earned from the generation of electricity amounted to $413,0 million, with a profit of $224,2 million before taxes.
  • At the end of the period, revenues from oil and gas production amounted to $242,8 million, with annual production amounting to a total of 5,60 million barrels.
  • Rusneftegaz held no long-term debt obligations at the end of the financial year.
  • The aggregate of investment made during the year was $54,4 million, with the total assets at the end of the financial year valued at $1,96 billion.
 
In 2022, Rusneftegaz will continue to implement its planned long-term and large-scale works, growing a substantiate portfolio of energy projects. Special emphasis will be placed upon the generation of electricity, which in 2021 was the most profitable sector of the Group's operations, with the planned expansion of its generation portfolio internationally. Furthermore, next year the company will also focus on strategic longer-term goals by beginning to implement its power equipment production program. Rusneftegaz intends to design and manufacture experimental steam generators for use in the Group’s upcoming power projects, with construction planned to completed by the end of 2023. Rusneftegaz also intends to develop the capability to use its own technical expertise to produce and export power equipment internationally by 2030, largely due to the fact that the acquisition of new equipment is currently the largest cash outflows on the financial statements for the last five years. Despite the Group's petroleum being affected by volatile commodity prices over the past decade, such fluctuations have proven the long-term financial viability of the Group and allowed it to prosper. Nevertheless, Rusneftegaz has reinvested, and will continue to be able to reinvest, all 
its accumulated profits, which alongside additional external investment will significantly increase the value of the company, its subsidiaries and affiliates in both the immediate and foreseeable future.​
Rusneftegaz has elected to publish all of our annual financial statements since 2015, within the framework of our ongoing commitment to maintaining corporate transparency in accordance with current legislation. Each report highlights the earnings accumulated in the twelve months ending 31 December each year, in addition to changes in asset values and cash flows. These documents, which can be downloaded below, were prepared in accordance with International Financial Reporting Standards, otherwise known as IFRS, and were audited by Deloitte before disclosure. All the reports were subject to approval from the board of directors prior to release, and subject to the terms and conditions outlined in our privacy policy.
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2020 Consolidated Financial Statements
Click to download
A summary of our business in 2020 is as follows:
  • Despite the coronavirus pandemic, Rusneftegaz announced a strong financial performance with a pre-tax profit of $110,0 million.
  • Our organization extracted 6,06 million barrels of oil throughout 2020, with a peak daily production rate of 18.959 barrels per day.
  • Rusneftegaz generated 8,55 TWh of electricity in 2020, and the sector reported a considerable profit of $165,0 million.
  • Cash flows for the company remained healthy, with investments of $150,1 million made in new assets.
  • Transatlantic sales reached a record high that year, with Rusneftegaz accomplishing $1,8 million in overseas turnover from our international trading hub.
Picture

2019 Consolidated Financial Statements
Click to download
A brief synopsis of our results for 2019 is as follows:
  • Rusneftegaz recorded an excellent financial year in 2019, with revenue increasing 4,8% to a new high of $563,7 million, yielding a post tax profit of $178,9 million.
  • Over a quarter of all turnover derived from international sources, a company record, with our organization registering $142,4 million in global sales, worth 25,3% of all revenue.
  • Rusneftegaz generated 10,46 TWh of electricity in 2019, a total capacity utilization of 64,2%, and also extracted 5,63 million barrels of oil, with an average daily production of 15.431 barrels.
  • Our organization funded $218,4 million of investment in new infrastructure, a year-on-year rise of 33,5%, the majority of which was used to develop Rusneftegaz’s oil business.
  • The total value of Rusneftegaz escalated by 13,6% to $1,63 billion, with our organization holding no long-term debts or borrowing at the end of 2019.
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2018 Consolidated Financial Statements
Click to download
An outline for our financial reporting in 2018 is as follows:
  • Rusneftegaz recorded excellent results in 2018, with total reported revenue rising by 7,1% to $537,9 million, with operating profit also escalating for a sixth consecutive year by 3,2% to $229,9 million.
  • At the end of the year, the total value of the company was at a record high, with the figure ascending by 13,4% from $1,26 billion to $1,43 billion.
  • By 31 December 2018, our cash had position improved by 134,8% to $147,6 million, with Rusneftegaz holding no outstanding loans or borrowings.
  • Throughout the period investments worth $163,5 million were made, with total spending on our electricity generation business accounting to $148,6 million, and a further $14.8m being spent our on oil production operations.
  • The board of directors announced plans to accelerate an international expansion of Rusneftegaz’s operations the following year. This included opening an international trading hub and acquiring and investing in our first foreign assets. Whilst the former was successful, ultimately the purchase was not completed.
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2017 Consolidated Financial Statements
Click to download
​The highlights of our fiscal results in 2017 are as follows:
  • Rusneftegaz reported significant growth in our financial results with an increase in revenue of 13,9%, totalling $502,3 million in 2017, in addition to an escalation in operating profit of 22,4% to $251,4 million.
  • Total electricity production rose from 10,0 TWh to 10,5 TWh, and the volume of oil extracted also increased from 6,03 million barrels to 6,16 million barrels.
  • The value of our company rose by 16,5% to $1.27 billion, with a notable 16.5% increase in the value of our assets from $987,7 million in 2016 to $1,15 billion in 2017.
  • During the year, Rusneftegaz made investments of $179,4 million. As a result, $541,1 million has been spent cumulatively on new assets since the beginning of 2015. 
  • As of 31 December 2017, all major loans and borrowings were settled, with the only outstanding payments at the time being short-term payables.
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2016 Consolidated Financial Statements
Click to download
A brief analysis of our financial reporting in 2016 is as follows:
  • Rusneftegaz announced a pre-tax profit of $178,2 million in 2016 from total revenues of $441,0 million, representing year-on-year growth of 15,9% for the former and 2,3% for the latter.
  • There was an increase of $9,2 million in turnover from electricity generation as a result of upgrades and improvements made, leading to an additional $22,3 million of profit. This investment, in conjunction with a worldwide fall in oil prices, led to a significant $30,3 million reduction in electricity generation costs, including a notable $15,6 million decline in fuel expenses.
  • At the beginning of 2016, Rusneftegaz negotiated a loan of $250,0 million to acquire and renew assets. In total, our organization invested $274,5 million that year, including $20,0 million on oil and gas equipment.
  • Likewise, further investments were also made in 2016 to our electricity infrastructure, with the purchase of new equipment to extend the life of our generation capacity, thus ensuring its operation to this day.
  • Oil production expanded from 16.713 bpd (barrels per day) to 17.474 bpd, with the corresponding costs reported also declining by $6,9 million. This, however, was insufficient in preventing a $47,9 million fall in profits for that sector, although this was later recovered in future years.
Picture

2015 Consolidated Financial Statements
Click to download
An outline of the contents of these statements for 2015 is as follows:
  • Rusneftegaz increased pre-tax profits for the financial year from $122,5 million to $153,7 million, in spite of turbulent economic conditions at the time stemming from unstable commodity prices.
  • Investments made during the period more than doubled from $29,5 million to $87,2 million, with a long-term plan to expand our operations that was later fulfilled.
  • Cuts made to costs resulted in net profits from oil production increasing from $118,5 million to $126,4 million, despite falls in both extraction and revenue.
  • The electricity division raised revenue from $184,3 million in 2014 to $233,5 million in 2015, notwithstanding falls in both total generation and the value of the ruble.
  • Pre-tax profits earned from power production surged from $15,5 million to $37,1 million, with considerable growth in the sector being forecasted at the time that was eventually realized in the years ahead.
​In addition to publishing all of our annual financial statements since 2015, Rusneftegaz has also opted to publish our quarterly fiscal and production data for the past five years in accordance with current legislation. Like our other disclosures, the figures outlined in these tables were compiled in accordance with International Financial Reporting Standards, otherwise known as IFRS, and have been reported on this website as part of our continuing commitment to ethics and transparency within our financial reporting. The information below has not been audited, but is believed by Rusneftegaz to be accurate and true. It was also subject to board approval prior to release, although management cannot wholly endorse the completeness of such information, particularly with regard to data for the current economic year.
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
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Results

 

Q1

Q2

Q3

Q4

Revenue

(000)

--

--

--

--

Cost of sales

(000)

--

--

--

--

Gross profit

(000)

--

--

--

--

Other income

(000)

--

--

--

--

Other expenses

(000)

--

--

--

--

Operating profit

(000)

--

--

--

--

Net finance income

(000)

--

--

--

--

Net profit

(000)

--

--

--

--

Tax expense

(000)

--

--

--

--

Net profit after tax

(000)

--

--

--

--

Retained earnings

(000)

--

--

--

--

Total liabilities

(000)

--

--

--

--

 

 

 

 

 

 

Cash flows

 

 

 

 

 

Operations

(000)

--

--

--

--

Financing

(000)

--

--

--

--

Investments

(000)

--

--

--

--

 

 

 

 

 

 

Operations

 

 

 

 

 

Average daily oil production

(bpd)

16.958

16.429

--

--

Peak daily oil production

(bpd)

17.625

17.104

--

--

Total oil production

(barrels)

1.526.220

1.495.039

--

--

Total electricity production

(TWh)

2,01

2,31

--

--

Total installed capacity

(MW)

1.860

1.860

--

--

Capacity utilization

(%)

50,03

56,87

--

--

 

 

 

 

 

 

Per share statistics

 

 

 

 

 

Revenue

($)

--

--

--

--

Earnings - basic

($)

--

--

--

--

Earnings - diluted

($)

--

--

--

--

Cash flow (operations)

($)

--

--

--

--

Issued ordinary shares

 

--

--

--

--

Share premium

 

--

--

--

--

 

Results

 

Q1

Q2

Q3

Q4

Revenue

(000)

130.425

153.042

179.932

192.390

Cost of sales

(000)

(69.623)

(82.344)

(104.857)

(102.345)

Gross profit

(000)

60.802

70.698

75.075

90.045

Other income

(000)

91

60

109

125

Other expenses

(000)

(19.567)

(22.966)

(24.856)

(28.649)

Operating profit

(000)

41.326

47.792

50.328

61.521

Net finance income

(000)

198

203

208

213

Net profit

(000)

41.524

47.995

50.536

61.734

Tax expense

(000)

(10.875)

(12.471)

(13.562)

(16.584)

Net profit after tax

(000)

30.649

35.524

36.974

45.150

Retained earnings

(000)

1.924.231

1.959.755

1.996.729

2.041.879

Total liabilities

(000)

114.893

107.438

102.850

95.872

 

 

 

 

 

 

Cash flows

 

 

 

 

 

Operations

(000)

56.180

64.947

68.912

83.671

Financing

(000)

(417)

(417)

(417)

(23.749)

Investments

(000)

(19.842)

(12.178)

(11.390)

(10.950)

 

 

 

 

 

 

Operations

 

 

 

 

 

Average daily oil production

(bpd)

15.673

15.039

15.589

15.043

Peak daily oil production

(bpd)

16.219

15.629

16.072

15.496

Total oil production

(barrels)

1.410.570

1.368.549

1.434.188

1.383.956

Total electricity production

(TWh)

1,93

2,04

1,87

3,60

Total installed capacity

(MW)

1.860

1.860

1.860

1.860

Capacity utilization

(%)

48,04

50,22

45,53

87,66

 

 

 

 

 

 

Per share statistics

 

 

 

 

 

Revenue

($)

130

153

180

192

Earnings - basic

($)

31

36

37

45

Earnings - diluted

($)

31

36

37

45

Cash flow (operations)

($)

56

65

69

84

Issued ordinary shares

 

1.000

1.000

1.000

1.000

Share premium

 

500.000

500.000

500.000

500.000

 

Results

 

Q1

Q2

Q3

Q4

Revenue

(000)

152.836

126.475

112.410

99.246

Cost of sales

(000)

(70.466)

(69.823)

(78.021)

(74.474)

Gross profit

(000)

82.370

56.652

34.389

24.772

Other income

(000)

4

(76)

39

42

Other expenses

(000)

(20.093)

(25.019)

(19.107)

(24.676)

Operating profit

(000)

62.281

31.557

15.321

138

Net finance income

(000)

179

184

188

193

Net profit

(000)

62.460

31.741

15.509

331

Tax expense

(000)

(17.099)

(8.687)

(4.233)

(117)

Net profit after tax

(000)

45.361

23.054

11.276

214

Retained earnings

(000)

1.851.988

1.875.042

1.886.318

1.886.532

Total liabilities

(000)

88.653

94.538

103.765

111.158

 

 

 

 

 

 

Cash flows

 

 

 

 

 

Operations

(000)

77.814

48.032

33.540

20.185

Financing

(000)

--

--

--

25.000

Investments

(000)

(98.037)

(30.035)

(15.326)

(6.700)

 

 

 

 

 

 

Operations

 

 

 

 

 

Average daily oil production

(bpd)

17.369

18.039

15.837

15.040

Peak daily oil production

(bpd)

18.959

18.612

16.421

15.798

Total oil production

(barrels)

1.580.579

1.641.549

1.457.004

1.383.680

Total electricity production

(TWh)

1,76

1,70

1,94

3,15

Total installed capacity

(MW)

1.860

1.860

1.860

1.860

Capacity utilization

(%)

43,81

41,39

47,24

76,70

 

 

 

 

 

 

Per share statistics

 

 

 

 

 

Revenue

($)

153

126

112

99

Earnings - basic

($)

45

23

11

--

Earnings - diluted

($)

45

23

11

--

Cash flow (operations)

($)

77

48

34

20

Issued ordinary shares

 

1.000

1.000

1.000

1.000

Share premium

 

500.000

500.000

500.000

500.000

 

Results

 

Q1

Q2

Q3

Q4

Revenue

(000)

130.450

153.145

140.402

139.704

Cost of sales

(000)

(73.410)

(79.600)

(68.419)

(71.568)

Gross profit

(000)

57.040

73.545

71.983

68.136

Other income

(000)

57

63

35

86

Other expenses

(000)

(11.195)

(13.116)

(11.922)

(12.154)

Operating profit

(000)

45.902

60.492

60.096

56.068

Net finance income

(000)

161

165

169

174

Net profit

(000)

46.063

60.657

60.265

56.242

Tax expense

(000)

(9.631)

(12.190)

(11.860)

(10.696)

Net profit after tax

(000)

36.432

48.467

48.405

45.546

Retained earnings

(000)

1.664.209

1.712.676

1.761.081

1.806.627

Total liabilities

(000)

89.256

95.816

90.510

83.971

 

 

 

 

 

 

Cash flows

 

 

 

 

 

Operations

(000)

47.846

62.603

63.187

59.028

Financing

(000)

--

--

--

--

Investments

(000)

(129.814)

(20.516)

(31.860)

(36.206)

 

 

 

 

 

 

Operations

 

 

 

 

 

Average daily oil production

(bpd)

14.959

15.518

15.439

15.799

Peak daily oil production

(bpd)

15.722

16.002

15.919

16.642

Total oil production

(barrels)

1.346.310

1.412.138

1.420.388

1.453.508

Total electricity production

(TWh)

2,07

2,49

2,06

3,84

Total installed capacity

(MW)

1.860

1.860

1.860

1.860

Capacity utilization

(%)

51,52

61,30

50,16

93,50

 

 

 

 

 

 

Per share statistics

 

 

 

 

 

Revenue

($)

130

153

140

140

Earnings - basic

($)

36

48

48

46

Earnings - diluted

($)

36

48

48

46

Cash flow (operations)

($)

48

63

63

59

Issued ordinary shares

 

1.000

1.000

1.000

1.000

Share premium

 

500.000

500.000

500.000

500.000

 

Results

 

Q1

Q2

Q3

Q4

Revenue

(000)

120.738

139.887

148.116

129.132

Cost of sales

(000)

(59.218)

(64.060)

(69.561)

(70.350)

Gross profit

(000)

61.520

75.827

78.555

58.782

Other income

(000)

26

36

51

43

Other expenses

(000)

(12.349)

(11.941)

(10.494)

(10.139)

Operating profit

(000)

49.197

63.922

68.112

48.686

Net finance income

(000)

144

148

152

156

Net profit

(000)

49.341

64.070

68.264

48.842

Tax expense

(000)

(10.596)

(14.452)

(15.497)

(10.740)

Net profit after tax

(000)

38.745

49.618

52.767

38.102

Retained earnings

(000)

1.487.290

1.536.908

1.589.675

1.627.777

Total liabilities

(000)

113.023

105.178

97.542

91.312

 

 

 

 

 

 

Cash flows

 

 

 

 

 

Operations

(000)

47.232

63.132

67.720

47.610

Financing

(000)

50.000

--

--

--

Investments

(000)

(108.694)

(4.196)

(47.022)

(3.592)

 

 

 

 

 

 

Operations

 

 

 

 

 

Average daily oil production

(bpd)

14.892

12.054

11.834

13.412

Peak daily oil production

(bpd)

15.309

12.635

12.535

15.098

Total oil production

(barrels)

1.340.280

1.096.914

1.088.728

1.233.904

Total electricity production

(TWh)

2,03

2,33

2,14

3,77

Total installed capacity

(MW)

1.860

1.860

1.860

1.860

Capacity utilization

(%)

50,53

57,36

52,11

91,80

 

 

 

 

 

 

Per share statistics

 

 

 

 

 

Revenue

($)

121

140

148

129

Earnings - basic

($)

39

50

53

38

Earnings - diluted

($)

39

50

53

38

Cash flow (operations)

($)

47

63

68

48

Issued ordinary shares

 

1.000

1.000

1.000

1.000

Share premium

 

450.000

500.000

500.000

500.000

 

Rusneftegaz maintains the highest standards of corporate governance through compliance with all relevant laws and regulations, whilst also sustaining strong internal policies and procedures to ensure accountability, efficiency, and reliability. All directors are accountable to the principal shareholder, which delegates authority and takes a deferential role with regard to daily affairs. Rusneftegaz holds an Annual General Meeting every year for said shareholder to vote on an agenda set forth by the directors, with any addendums by interested parties, including motions to re-elect the Board. At this event, the results for the previous period, produced in compliance with International Financial Reporting Standards, are published and an auditor for the next financial year is selected accordingly.
 
On a day-to-day basis, the company is governed by the Management Board, an executive body which consists of the Chairman and Chief Executive Officer in a single, unified role. This particular director orchestrates Rusneftegaz through the service departments of the Executive Office, and is answerable for all areas of the Group's operations. The head of the organization is assisted by his deputy, who also serves in also in a combined role, with all other directors reporting to the Executive Office on a daily basis. At a regional level, the Group is managed through highly experienced local directors on behalf of the head office in Moscow. Moreover, the Chief Financial Officer is responsible for Rusneftegaz's accounting and fiscal policies, with the Chief Operations Officer answerable for the Group's oil production and electricity generation programs. The office of the Company Secretary has specialized in both corporate law and the more complex and intricate areas of administration and technocracy.
 
All echelons of management ensure that Rusneftegaz employees maintain the highest professional, moral and ethical standards, and condemn those who fail to do so accordingly. Management strives to have the full confidence of all those affiliated with our organization, and works scrupulously to uphold the integrity of the company. The current remit of the Board is to focus on improving the business operations of Rusneftegaz, committing to develop the long-term interests of the Group and striving to achieve high-quality revenue growth in forthcoming financial years. Whilst the majority of impetus is placed on the fulfillment of long-term business strategy, management is also expected to set a high benchmark in regard to compliance with both local and international standards for corporate governance. In this instance, all directors and managers must be open, transparent, and communicative with their contemporaries, particularly in relation to any issues emerging with the company's undertakings. To mitigate the possibility of such predicaments arising, senior staff will always collaborate in unison with all relevant employees to manage and plan the work program to be undertaken by said staff.
 
To ensure that excellent standards are constantly and consistently upheld, when appropriate, Rusneftegaz deploys foreign specialists to capitalize on their personal expertise and knowledge. However, as a fundamental principle, the company will as a discourse support the local and national economy by prioritizing the utilization of services rendered by Russian businesses, contractors, and suppliers across all areas of Rusneftegaz's enterprise. This includes extensive investment in operational and environmental safety, which is an essential element in the implementation of the Group's current strategy. Rusneftegaz, as a direct consequence of its high standards of corporate governance and oversight, thus is able to provide rigorous guarantees regarding employment and environmental standards, including an exemplary employee safety record and above industry average pay and conditions.
Rusneftegaz maintains a strong corporate structure and is led by a board of directors, currently consisting of five members, whose names are published below in addition to a synopsis of their respective careers to-date. The personnel that currently compose our management contingent are highly respected figures in Russia’s petroleum industry, having each accumulated decades of experience in their respective areas of expertise.​
Picture

James King
Chairman and Chief Executive Officer
  • King was born and educated in the United Kingdom, where he graduated with qualifications in history and politics.
  • Following the completion of his education, King learnt to speak Russian and began working for Rusneftegaz, whom he has been employed by for the entirety of his professional career.
  • King was appointed as Chief Executive Officer of Rusneftegaz in 2014, and has been charged with overseeing a major corporate restructuring and large-scale investment projects in his time fulfilling this role.
Picture

Aleksandr Filyurin
Deputy Chairman and Deputy Chief Executive Officer
  • Filyurin was born in Moscow and educated in both Russia and United States, where he earned postgraduate qualification in business administration.
  • Upon his return to Russia, he first entered the energy industry with a role at Yukos, before later joining Gazprom Neft, working alongside our current Chief Operations Officer, Vitaliy Kalyuzhniy.
  • Filyurin joined Rusneftegaz in 2015 as Deputy Chief Executive Officer, where he has been responsible for overseeing the day-to-day business of our managerial departments.
Picture

Mikhail Avdeyev
Chief Financial Officer
  • Avdeyev was born in Berlin but grew up in Russia, where he would later receive qualifications in accounting and finance.
  • After leaving university, Avdeyev joined the accounting firm Mazars, specializing in the oil and gas sector, before going on to fulfil many further many roles within the industry.
  • After departing a Dutch commodity trading company, Avdeyev was appointed to his current role as Chief Financial Officer with Rusneftegaz, where he has been responsible for our accounting since 2015.
Picture

Vitaly Kalyuzhniy
Chief Operations Officer
  • Kalyuzhniy was born in Ukraine, before moving to Moscow where he qualified as an oil and gas engineer with exemplary results.
  • In his career to date, Kalyuzhniy has worked for a total of 12 different companies, establishing a name as an accomplished professional.
  • Following his retirement from roles in the field, Kalyuzhniy eventually joined Gazprom Neft in an administrative role, but later opted to become Chief Operations Officer at Rusneftegaz, where he is responsible for managing our oil production operations.
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Andrey Uraev
Company Secretary
  • Uraev was born and raised in Moscow, where he would also complete his education to practice as a corporate lawyer.
  • Following a role at a law firm, Uraev joined Rusneftegaz’s legal department, where he has served in important roles since 2004.
  • In 2015, Uraev was elevated to the position of Company Secretary, and now oversees the entirety of our legal affairs in conjunction with an expanding team of staff.
The audit committee is ultimately responsible for compliance with all relevant accounting regulations, and is mandated to form reliable financial statements for submission to relevant parties, including taxation authorities. The aforementioned group is elected by the board of directors at our Annual General Meeting each year, which in turn is responsible for scrutinizing the wider operations of Rusneftegaz and our subsidiaries. This particular committee has been bestowed suitable powers to supervise and research any information pertaining to the financial activities of our organization, including advising the board of directors in regard to the completeness and correctness of accounting data. It also takes further roles in verifying the timeliness of payments to suppliers, in addition to providing opinions in relation to the valuation of assets. The current personnel that form our audit committee for this year are listed below, although it should be noted that there are currently no external members of this respective grouping.
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Andrey Uraev
Committee Chairman and Company Secretary 
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Aleksander Filyurin
Committee Deputy Chairman and Deputy Chief Executive Officer
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Mikhail Avdeyev
Chief Financial Officer
Below is a calendar detailing preliminary dates for significant events that are expected to occur in the next fiscal year. With our current reporting based on publishing data for the prior three months, Rusneftegaz makes announcements pertaining to production statistics four weeks after the cessation of the previous quarter. Thereafter, we also disclose provisional financial results approximately two months following the end of the period, although his is liable to change depending on circumstances. Likewise, Rusneftegaz invariably publishes yearly financial statements and holds our annual general meeting in the second quarter, most frequently in April, although the latter has upon occasion occurred in May. At the end of each year, Rusneftegaz has an annual shutdown for parts of our business, resuming in full at the beginning of January. Despite the fact that the calendar set forth below is tentative, the majority of events are set and fixed on a certain day, although a number of dates are subject to change. Similarly, for technical reasons there may occasionally be lapses between the dates announced on this calendar and the publication of said information on this website, for which we apologize in advance.
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Publication of Financial Statements for the Second Quarter
5 September 2022
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End of the Third Quarter
30 September 2022
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Publication of 2023 Preliminary Financial Calendar
3 October 2022
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Publication of Production Data for the Third Quarter
31 October 2022
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Publication of Financial Statements for the Third Quarter
5 December 2022
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Commencement of the 2022/23 Annual Shutdown Period
26 December 2022
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End of the Fourth Quarter - End of the Financial Year
31 December 2022
* = Indicates date to be confirmed

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