Gazprom PJSC Overview
Pro stress-test →Gazprom PAO operates gas pipeline systems with principal activities including exploration and production of gas, transportation, sales within Russia and abroad, gas storage, production of crude oil and gas condensate, refining, and electric and heat energy generation and sales. Vertically integrated, Gazprom is active in the hydrocarbons sector with exploration, production, refining, transport, distribution, marketing, and power generation activities.
Strategic Profile
Pro stress-test →The company is majority-owned by the Russian government while the remaining shares are traded publicly. The company has been involved in the Russian government's diplomatic efforts, setting of gas prices, and access to pipelines. In the wake of the 2022 Russian invasion of Ukraine, Gazprom faced issues with EU countries over supply interruptions, with France characterizing this as Russia using gas as a weapon of war.
Competitive Landscape
Pro stress-test →In 2018, Gazprom produced twelve percent of the global output of natural gas at 497.6 billion cubic meters. In 2023 it produced 359 billion cubic meters of natural and associated gas, a decline of approximately 13 percent from the previous year. Key competitors in global LNG and pipeline gas include Shell, ExxonMobil, and Chevron, though Gazprom faces unique constraints from sanctions and EU energy policy shifts toward renewables.
Industry Context
Gazprom PJSC operates in Oil & Gas - Integrated Energy (Exploration, Production, Refining, Power Generation, Distribution).
Key facts
Founded: 1993 · Headquarters: Saint Petersburg, Russia · Employees: 468,000 · Revenue: 8.5T RUB (2023); ~2.18T RUB quarterly run-rate (Q3 2025) · Market cap: $29-37B RUB equivalent (2.94T RUB as of Jan 2026)