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.

  • Valmond@lemmy.worldEnglish
    18·
    2 days 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·
      2 days 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·
      2 days ago

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

      What a shit show.