Languages

Giant profit for Gazprom

Gazprom headquarters (gazprom.ru)

Russian gas major Gazprom had a record profit in 2010 of nearly one trillion rubles. Gas sales count for less than two thirds of the incomes.

Location

Russia’s largest gas company Gazprom earns more money than ever and last year nearly made it to the psychological mark of one trillion rubles, or approximately €24.5 billion. This is 24 percent up from 2009, Vedomosti reports.

Gazprom had higher incomes than ExxonMobil and Chevron, Forbes writes.

The main part of the incomes - 61 percent - comes from sales of gas. Export to countries of the former Soviet Union accounted for the largest growth with 24 percent.

Incomes from non-core business increased most, showing that the gas concern is becoming more and more of a diversified energy holding. Electric and heat energy sales increased 50 percent, gas transportation increased 41 percent and refined oil and gas products 31 percent.