Surgutneftegas

Surgutneftegas is a Russian oil and gas company that specializes in the exploration, production, refining, and marketing of petroleum products. The company was formed as a joint stock corporation in 1993 after the merger of several formerly state-owned companies with major oil and gas deposits in Western Siberia. The company has a strong reputation for reliability and quality, and it is recognized as one of Russia's leading oil and gas companies., and was rated the 251st largest public corporation in the world in the 2020 Forbes Global 2000.

Surgutneftegas has a diverse range of oil and gas assets located primarily in Western Siberia, one of the world's largest oil-producing regions. The company also developed its foreign contacts, including talks with Iran, Libya, and pre-war Iraq on taking part in oil extraction projects. The company operates several fields and wells that produce crude oil and natural gas, and it also owns and operates refineries and petrochemical plants that process these resources into various products, including gasoline, diesel fuel, and lubricants. Surgutneftegas also exports its products to other countries, particularly in Europe and Asia.

Despite facing some challenges in recent years, particularly due to fluctuations in global oil prices, Surgutneftegas remains a significant player in the Russian and global energy markets. As of April 2022, the company has a market cap of $14.53 B. According to Surgutneftegas's latest financial reports, the company's current revenue (TTM) is $15.49 B. In 2020 the company made a revenue of $13.96 B a decrease over the years 2019 revenue that was $24.39 B.

Founded: 1993

Headquarters: Surgut, Russia