Russia’s Gazprom Turns to Profit in Q3
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Gazprom has reported a net income of $1.72 billion in Q3, marking a turnaround from a loss in the same period last year, driven by improved gas sales and reduced tax liabilities.
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Russian gas giant Gazprom booked a net income for the third quarter versus a loss a year earlier, when it was hit by a one-off tax for the Russian budget. Gazprom, which in 2023 booked its first annual net loss in 23 years on the plunge of its gas sales to Europe, has started making profits again in recent months. Last year, Gazprom returned to a yearly profit, earning the equivalent of $14.8 billion. For the third quarter of this year, the Russian gas giant reported on Friday a net income of $1.72 billion (134.2 billion Russian rubles). This compares…
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المقال الأصلي منشور بواسطة OilPrice.com في نوفمبر 28, 2025. التحليل والرؤى المقدمة من AnalystMarkets AI.