Gazprom Neft Q1 Net Profit Drops 3.5 Percent to 95.8B Roubles

Gazprom Neft reported a first-quarter net profit of 95.8 billion roubles on Friday, representing a 3.5 percent decrease from the previous year. The Russian oil producer recorded total revenue of 858 billion roubles and an adjusted core profit of 310 billion roubles for the period.

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Gazprom Neft reported a 3.5% decline in first-quarter net profit to 95.8 billion roubles ($1.35 billion). The results reflect the oil producer's performance during a period of shifting energy market dynamics in Russia. The company's adjusted core profit stood at 310 billion roubles on revenue of 858 billion roubles.

Revenue and Core Earnings Performance

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