21 of 500
Gazprom
Gazprom
21
Financials: Latest Results
Rank: 21
Previous rank: 15
CEO: Alexey B. Miller
Employees: 417,000

Gazprom, the Russian energy giant, slipped six spots on this year’s list as revenues fell 2.7% to $153.5 billion in 2012. The company says it has the world’s largest natural gas reserves, but Gazprom’s monopoly on exports from Russia is facing pressure from domestic competitors and America’s shale gas boom. Gazprom has cut prices in Europe, where it supplies about 25% of the natural gas market. Company officials have said rising output will boost revenues.

Headquarters:
16 Nametkina St.
Moscow. 117997
Russia
7-495-719-3001
Website: www.gazprom.com
Key financials
$ millions
% change from 2011
Revenues
153,528
-2.7
Profits
38,086
-14.3
Assets
395,184
Stockholder's equity
274,796
Profits as % of
Revenues
24.8
Assets
9.6
From the July 22, 2013 issue

Notes:
Figures prepared in accordance with International Accounting Standards.
Government owned 50% or more.
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Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2013. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting. More
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