Gazprom's losses averaged $251 million per week, $35 million per day, or $1.4 million per hour. While the company's total revenue increased by 11% and its gas revenue by 14%, it still ended the year with a sales loss of 192 billion rubles ($2.3 billion).

Summary

Gazprom reported a $13.1 billion loss in 2024, driven by the loss of its European market and increased tax liabilities.

The company’s revenue rose by 11%, but falling share prices and a 25% income tax rate contributed to the deficit.

Gazprom’s 2023 gas exports to the EU fell to 32 billion cubic meters, significantly lower than peak levels.

The financial crisis forced mass layoffs, including 1,600 central office employees. The EU’s shift away from Russian energy and Ukraine’s refusal to extend a gas transit agreement exacerbated the situation.

  • DicksAndPizza@lemm.eeEnglish
    311·
    1 day ago

    What about all the Ukrainian drone strikes on their refineries and processing plants? Surely they have a major effect on that, too? I wonder how much these account for.

    Fuck Russia. Burn that shithole to the ground.

    • Valmond@lemmy.worldEnglish
      18·
      1 day ago

      Yeah but the Russians wouldn’t acknowledge that, “it’s the fault of the west!!” as usual.

      I bet the losses are worse too lol.

      • NoiseColor @lemmy.worldEnglish
        6·
        19 hours ago

        I hope they are. After all the sanctions, the war, infrastructure destroyed, it still doesn’t really seem like they are feeling it.

      • DicksAndPizza@lemm.eeEnglish
        6·
        1 day ago

        That’s true. They keep claiming they intercepted these drones. Lmao. Sure buddy. Great interceptions all around.

        What a shit show.

        • cows_are_underrated@feddit.orgEnglish
          5·
          19 hours ago

          The real strength of drones is, that you can send them in swarms. If you send, as example, 100 drones on the way to a refinery it does not really matter if you shoot down 50,because 50 drones still do a shit ton of damage.

          • DicksAndPizza@lemm.eeEnglish
            6·
            19 hours ago

            Yes. Thanks for the reminder. Drones are fucking scary as hell.

            They are cheap to produce. Can be built in the thousands (probably millions if shit goes down) in short time. And then good luck to ANY air Defense.

            It‘s scary. And it will happen that a country will just instantly be bombed to shit by drones because they don’t have enough AA missiles or whatever.

            We somehow moved from human soldiers to automated weapons. But somehow also, civilians are still the target.

            Fuck humans. We fucking suck.

            • cows_are_underrated@feddit.orgEnglish
              2·
              18 hours ago

              Absolutely. Drones are a fucking nightmare. They are cheap as hell, they can be made in big quantities and developing them is quite easy, since you can 3d print a lot of the parts.

              • DicksAndPizza@lemm.eeEnglish
                1·
                16 hours ago

                So right. They’re really scary. On the other hand (off topic) god I wish I had a 3D printer. These things sound AWESOME.

  • Optional@lemmy.worldEnglish
    1·
    21 hours ago

    What’s that in %? Like, Micro$quash makes 65 Billion a year, they could absorb (and do) that kind of loss without missing a beat. I would expect the state oil company of “a gast station masquerading as a country” to be at least that big.

    • Buelldozer@lemmy.todayEnglish
      7·
      20 hours ago

      In your example MS makes 65 Billion so if a few business units lost 13 Billion it’s NBD, the overall company is still profitable. In this case though Gazprom lost 13 Billion across all units. What’s worse is that there’s no way for them to get more. They can’t sell stock and as a Government Russia is basically broke.

    • mosiacmango@lemm.eeEnglish
      2·
      17 hours ago

      Go here and select "net income"

      2021 = +27b

      2022 = +16.8b

      2023 = -7b

      2024 = -13b

      This hurts them, a lot. Per the article, the EU is buying 1/6th the gas they used to.