In 2023, Russia's state-controlled energy giant Gazprom reported its first annual net loss in 24 years, totaling 629 billion rubles ($6.9 billion). This marked a dramatic shift from a net profit of 1.23 trillion rubles in 2022. The loss was primarily attributed to a significant reduction in gas sales to Europe, Gazprom's largest market, and falling gas prices. Revenues also fell nearly 30%, from 11.6 trillion rubles to 8.6 trillion rubles, far below the expected profit of 447 billion rubles for the year.
Russian gas giant Gazprom, hammered by Western sanctions, makes its first loss in 24 years. https://t.co/fXK5fgg2kP
Russian energy major Gazprom reported its first annual loss since 1999 on Thursday, in the wake of dwindling gas exports due to Western sanctions pressure https://t.co/KZPuY7UJkA https://t.co/24X77SDAfP
Russia's Gazprom Sees First Loss in Two Decades as Gas Trade with Europe Plunges https://t.co/hjfiguY7Bx
Russia's Gazprom reported its first annual net loss since 1999 🇷🇺🚨 📉 The net loss follows restricted gas flows to Europe — historically Gazprom’s biggest market 💰 Plunging gas prices (amid mild weather + sluggish demand) contributed to Gazprom’s loss https://t.co/TDJW34P9QV https://t.co/8qhU8fWEvu
Gazprom plunges to worst loss in decades as sales to Europe collapse https://t.co/ZkaTFziwWn
Gazprom slumps to first annual loss in 22 years as trade with Europe hit https://t.co/Ncmcq9nJqX
Russian energy giant Gazprom said it suffered a record annual loss last year as the European market was practically shut to its gas exports due to sanctions over Moscow's military operation in Ukraine https://t.co/b1iTFTrr0W
💸 Russian Gazprom suffers net loss of almost US$6.7 billion in 2023 https://t.co/2UHx1CrcUK
“Russian energy giant Gazprom plunged to its biggest loss in at least a quarter of a century after gas sales more than halved in the fallout from Vladimir Putin’s war in Ukraine” https://t.co/vmqVYaj9aY
ENERGY: Russian energy giant Gazprom reports $6.9 billion loss in 2023, its first loss in over 20 years.
Gazprom plunges to worst loss in decades as sales to Europe collapse via @FT https://t.co/rgmfkx4nfz
Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions https://t.co/SDG0fxTouh
Gazprom plunges to first annual loss in 20 years as trade with Europe hit | Reuters https://t.co/oL5kCT7xyo
Record loss for Russia’s Gazprom as European market closed https://t.co/C5M7CZYar6
#Russia’s state-controlled gas giant Gazprom reported its first annual net loss since 1999 on falling shipments to Europe & lower prices for the fuel. Drop in gas revenue led to 629bn ruble ($6.84bn) net loss compared w/net income of 1.23tn rubles in 2022. https://t.co/QK5b6wiV1W https://t.co/SIjFjA66rt
🇷🇺 After getting its first annual net loss since 1999 Gazprom scales back CAPEX by an amount equivalent to 1.5% of Russia's total gross fixed capital investment last year - one of the reasons I think IMF's +3.2% GDP 2024 forecast is too high https://t.co/ZIlyCi2EN2
❗️ "Gazprom" has reported a record net loss for the first time since 1999 "Gazprom" at the end of 2023 went into a loss, which amounted to 629 billion rubles ( $6.7 billion). This follows from the company's report on international standards (IFRS). Analysts did not expect such… https://t.co/rug5aKvxqF
Russia’s Gazprom plunges to worst loss in decades as gas sales to Europe collapse 🥳 - https://t.co/wV5aKeC8yg via @FT
Gazprom lost $7bn last year, its first loss in a quarter century, after gas sales more than halved in the fallout from Vladimir Putin’s war in Ukraine. Its core business — selling gas to Europe — has become a lossmaking millstone. with @NastyaStognei https://t.co/QCRSb2m1ap
In #Russia, Kremlin-owned #gas giant Gazprom reported a net loss of ₽629 billion ($6.9 billion) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with #Europe, once its main sales market. https://t.co/G5HPPmcwMg
#Russia's Gazprom Group, which also includes oil and power businesses, posted its first annual net loss since 1999 on falling #gas shipments to Europe and lower prices for the fuel. Net loss was 629b rubles in 2023 vs net income of 1.23t rubles previous year. More @TheTerminal
Putin has broken the Russian gas business. Gazprom’s 2023 gas exports collapsed by $71 billion (-68%) year-on-year driving a $13.9 bn gas segment loss. Profits from oil reduced the group’s losses to $6.9 bn. Russia’s hydrocarbon strength is fading… https://t.co/EU5F4ROIHE
Gazprom’s revenues fell almost 30% year on year. Analysts say the company had failed to adapt to losing the EU market https://t.co/ntk76gc2Lv https://t.co/Vvbt7c7Cn9
For context, this is Gazprom's first loss in 24 years. https://t.co/vWyEphqikx
Russia’s Gazprom plunges to worst loss in decades as gas sales to Europe collapse https://t.co/bzpuk7F4cv
#Russia’s Gazprom Reports First Net Loss in 24 Years Drop in gas revenue led to 629 billion-ruble net loss Income from oil and power utilities increased last year https://t.co/jTje2XseF2
🇷🇺 - Russian gas giant Gazprom has just reported first net loss since 1999 • Gazprom posted US$6.84bn loss in 2023 as sanctions drastically curb sales to Europe • Gazprom's losses will put Russian budget under (even) more pressure amid rising military spending https://t.co/h9HRdmmdna
Russia’s state-controlled gas giant Gazprom reports its first annual net loss since 1999 on falling shipments to Europe and lower prices for the fuel https://t.co/gpRAcWAIe9
Putin's main genocidal slush fund, Gazprom announces historic losses for 2023. 2023 -$6.6 billion 2022 $14 billion https://t.co/wwA43ko0EI
Russia's Gazprom swings to $6.9 bln 2023 loss as sales to Europe plummet https://t.co/zB7Vnqx3J3 https://t.co/utHEIlyG0D
Gazprom reported a net loss of 629,1 billion rubles in 2023 vs a net profit of 1,23 trillion rubles in 2022. Expectations were for 447 billion rubles in profit. Revenue decreased by 3 trillion rubles from 11,6 trillion to 8,6 trillion rubles. https://t.co/BcWGb4sbkS
#Russia's Gazprom swings into $6.9 billion net loss in 2023 https://t.co/M3vMbyRbZg