Gazprom's losses averaged $251 million per week, $35 million per day, or $1.4 million per hour. While the company's total revenue increased by 11% and its gas revenue by 14%, it still ended the year with a sales loss of 192 billion rubles ($2.3 billion).

Summary

Gazprom reported a $13.1 billion loss in 2024, driven by the loss of its European market and increased tax liabilities.

The company’s revenue rose by 11%, but falling share prices and a 25% income tax rate contributed to the deficit.

Gazprom’s 2023 gas exports to the EU fell to 32 billion cubic meters, significantly lower than peak levels.

The financial crisis forced mass layoffs, including 1,600 central office employees. The EU’s shift away from Russian energy and Ukraine’s refusal to extend a gas transit agreement exacerbated the situation.

  • DicksAndPizza@lemm.eeEnglish
    311·
    21 hours ago

    What about all the Ukrainian drone strikes on their refineries and processing plants? Surely they have a major effect on that, too? I wonder how much these account for.

    Fuck Russia. Burn that shithole to the ground.

    • Valmond@lemmy.worldEnglish
      17·
      20 hours ago

      Yeah but the Russians wouldn’t acknowledge that, “it’s the fault of the west!!” as usual.

      I bet the losses are worse too lol.

      • NoiseColor @lemmy.worldEnglish
        6·
        15 hours ago

        I hope they are. After all the sanctions, the war, infrastructure destroyed, it still doesn’t really seem like they are feeling it.

      • DicksAndPizza@lemm.eeEnglish
        6·
        20 hours ago

        That’s true. They keep claiming they intercepted these drones. Lmao. Sure buddy. Great interceptions all around.

        What a shit show.

  • Optional@lemmy.worldEnglish
    1·
    17 hours ago

    What’s that in %? Like, Micro$quash makes 65 Billion a year, they could absorb (and do) that kind of loss without missing a beat. I would expect the state oil company of “a gast station masquerading as a country” to be at least that big.

    • Buelldozer@lemmy.todayEnglish
      6·
      16 hours ago

      In your example MS makes 65 Billion so if a few business units lost 13 Billion it’s NBD, the overall company is still profitable. In this case though Gazprom lost 13 Billion across all units. What’s worse is that there’s no way for them to get more. They can’t sell stock and as a Government Russia is basically broke.

    • mosiacmango@lemm.eeEnglish
      2·
      13 hours ago

      Go here and select "net income"

      2021 = +27b

      2022 = +16.8b

      2023 = -7b

      2024 = -13b

      This hurts them, a lot. Per the article, the EU is buying 1/6th the gas they used to.