Gazprom reported a net loss of approximately RUB 629 billion ($7 billion) for fiscal year 2023 — its first annual loss since 1999. The collapse in European gas export revenues, combined with a new Russian windfall gas tax and rising operating costs, pushed the company into the red for the first time in over two decades.
Annual Earnings Of Gazprom
| Year |
Net Income (USD equiv.) |
YoY Change |
| 2015 | $11.8B | — |
| 2016 | $5.9B | −50.0% |
| 2017 | $10.6B | +79.7% |
| 2018 | $18.0B | +69.8% |
| 2019 | $18.8B | +4.4% |
| 2020 | $1.6B | −91.5% |
| 2021 | $30.2B | +1788% |
| 2022 | $14.0B | −53.6% |
| 2023 | −$7.0B | Loss |
| 2024 | ~−$4.0B | Loss (est.) |
Gazprom P/E Ratio
| Year |
P/E Ratio |
Note |
| 2015 | 4.4x | — |
| 2016 | 9.3x | Earnings collapsed |
| 2017 | 5.2x | Improved |
| 2018 | 3.8x | Earnings rose |
| 2019 | 4.5x | Slight rise |
| 2020 | 40.1x | Near-zero earnings |
| 2021 | 3.9x | Record earnings |
| 2022 | 2.7x | Depressed share price |
| 2023 | N/M | Net loss year |
| 2024 | N/M | Net loss year (est.) |
