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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     

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