Gazprom reported revenue of approximately RUB 8.5 trillion ($94 billion) for fiscal year 2023, down sharply from a record RUB 11.7 trillion in 2022. The collapse in European gas export volumes following Western sanctions has forced the company to redirect gas flows to China and domestic markets at significantly lower prices.
Gazprom Revenue
Gazprom Annual Revenue
| Year | Revenue (USD equiv.) | YoY Change |
|---|---|---|
| 2015 | $94.4B | — |
| 2016 | $82.8B | −12.3% |
| 2017 | $109.0B | +31.6% |
| 2018 | $128.5B | +17.9% |
| 2019 | $117.0B | −8.9% |
| 2020 | $81.0B | −30.8% |
| 2021 | $138.2B | +70.6% |
| 2022 | $127.6B | −7.7% |
| 2023 | $94.0B | −26.3% |
| 2024 | ~$80.0B | −14.9% (est.) |