Impact of the changing
external environment

Impact of market on activities of Gazprom Neft:

excess oil supply globally
lower global hydrocarbon prices
unstable global economy

Read more

Actions of Gazprom Neft in the changing environment:

Focus on mitigating risks and extracting the most cost-efficient resources
Improving the effectiveness of the international projects portfolio
Optimising the schedule for implementing refining projects
Increasing the profitability of marketing
Cost monitoring
Optimising the exploration and production development model

Development of a Strategy
and strategic benchmarks

2010
Approval of Strategy until 2020
2012
Update to Strategy
2013
Approval of Strategy until 2025
2014
Update to targets for 2025
- 80% — output of light products in Russia
- 100% — Volume of products manufactured by the Company’s Russian oil refineries and sold via internal high-sales channels
2015
- The Company has made consistent progress in achieving its strategic goals.
- There were significant external changes and increased uncertainty in 2014-2015.
- The Company maintains a flexible investment portfolio given the highly uncertain external environment.
- The forecast for achieving the Company’s strategic goals remains positive.
- The Strategy has shown resistance to external changes.
2016
Priorities for 2016
- Investment in current production projects with a short payback period to maximise cash flows in coming years
- Establishing strategic and technological partnerships for the joint development of fields
- Modernising primary oil refinery complexes
- Balanced investment activities for foreign development projects while maintaining the ability to step up operations in the medium term taking into account international risks.
Read more

Maintaining
and development
investment appeal

Opportunities
for
investors

Success of the
chosen strategy
and future growth

Focus
on
high
added-value
products

Leadership

Amidst a changing market,
Gazprom Neft is developing a strategy while maintaining its investment appeal

Message from
the chairman of the board of directors

Message from the CEO

Альтернативный текст — Production of marketable hydrocarbons by Gazprom Neft, mn TOE

Альтернативный текст — Oil refining, mn t

Альтернативный текст — Proven hydrocarbon reserves (PRMS-SPE)Excluding NIS a.d. Novi Sad¹ , mn TOE

Read more

Альтернативный текст — Adjusted EBITDA, RUB bn

Альтернативный текст — Net cash generated from operating activities, RUB bn

Альтернативный текст — Sales, RUB bn

Read more

Альтернативный текст — LTIF injury rate

Альтернативный текст — APG utilisation level APG utilisation data given only for the Company’s current assets. , ¹ %

Альтернативный текст — Personnel expenses, RUB mn

Read more

Download

Annual
Report 2015

Financial
Report 2015

Download
center

Regions
of operation

Information
for shareholders