Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Gazprom named the world most profitable company in 2011
30.07.2012 15:42
Gazprom named the world most profitable company in 2011

Russian gas giant Gazprom became the world’s leading company in terms of profits in 2011, according to Forbes’ rating published on Monday.

Forbes said Gazprom posted U.S. $44.46 billion net profit in 2011 and replaced the 2010 leader ExxonMobil, which earned $41.6 billion last year and took second place.

The Industrial and Commercial Bank of China, with a $32.2 billion profit, was ranked third largest.

Forbes previously published a list of the world’s 25 largest oil and gas companies in 2012, in which Gazprom ranked second only to Saudi Arabia's Aramco.

Gazprom reported a 35 percent year-on-year increase in its 2011 IFRS net profit to 1.307 trillion rubles ($44.6 billion). Gazprom’s natural gas output grew by 0.9 percent in 2011 to 513.2 billion cubic meters, and its exports to Europe rose by 8.2 percent to 150 billion cubic meters.



Author: Irina Fomina

Tags: Gazprom     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Russian tourism  Khanskaya  Russian Poetry  Russian painters  Central House of Artist  Exhibitions in Moscow  Kolomenskoye  Pavel Nakhimov  Sokolniki Park  Saratov region  Russian scientists  Kaluga  Russian metal companies  Moscow  TNK-BP  Ufa  Russian business  Uralkaly  Russian science  Sochi  Cannibal Corpse  Concerts in St. Petersburg  John Malkovich  Red Army  Books  Hobbits  Yulia Prokhorova  lifestyle  Russian economy  Belorechensk  FC Zenit St Petersburg  Taganka Theatre  Siberia  St. Petersburg  Russian mobile operators  Russian visa  Moscow City Library Centre  Architecture  Venice  Russian education  Russian football team  Concerts in Saint Petersburg  Russian history  Plants  Geliy Korzhev  Sergei Bondarchuk  Recipes of Russian Dishes  Russian Cinema  Russian businessmen  Mercedes-Benz Fashion Week Russia 

Travel Blogs
Top Traveling Sites