Gazprom Neft Is Still Printing Cash🇷🇺🛢️
⚠️Gazprom Neft’s Q1 profit fell 3.5% YoY to 95.8B roubles.
But the bigger point is this:
🔸Revenue still hit 858B roubles.
🔸Adjusted EBITDA stood at 310B roubles.
🔸Net profit was still around $1.35 B.
Sanctions, war risk, weaker access to Western markets and Russia’s oil arm is still generating serious cash.
The energy market keeps proving one thing...
Barrels under pressure can still be very profitable.
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