Gazprom expects dividend on 2021 results at more than 45 rbls/share | Reuters
Russian energy giant Gazprom expects to pay dividend on 2021 results of more than 45 roubles ($0.6087) per share thanks to high oil and gas prices, Gazprom's Deputy CEO Famil Sadygov said on Tuesday.
State-controlled Gazprom enjoyed record-high quarterly earnings in the July - September quarter, raking in almost $8 billion in net income thanks to rocketing gas prices in Europe, its key source of revenues. read more
Gazprom's operations in Europe, including completion of the Nord Stream 2 gas pipeline, which is yet to be certified by Germany, have been in sharp focus amid a broader political standoff between Russia and the West.
Sadygov reiterated that Gazprom expects record-high earnings in 2021, which will be surpassed in 2022, when core profit of the Gazprom group, which includes gas, oil and power assets, is set to rise to over 4 trillion roubles, while net income is seen rising to more than 2.5 trillion roubles.
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