Tatneft Profit Fell on Lower Gas, Oil Production
August 28 2020 - 2:49AM
Dow Jones News
By Matteo Castia
Tatneft PJSC reported Friday a fall in second-quarter and
first-half net profit as gas and crude oil production declined.
Russia's sixth-largest oil company made a second-quarter net
profit of 17.60 billion rubles ($234.9 million), down from RUB25.25
billion in the first quarter.
First-half net profit was RUB42.85 billion, down from RUB114.19
billion.
Quarterly revenue was RUB136.27 billion, down from RUB198.28
billion in the previous quarter. Revenue for the six months was
RUB334.55 billion, from RUB449.66 billion in the year-earlier
period.
First-half production fell to 13.3 million tons for crude oil
and to 433.9 million cubic meters for gas, down from 14.8 million
tons and 505.3 million cubic meters respectively a year
earlier.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
August 28, 2020 03:34 ET (07:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Pjsc Tatneft (CE) (USOTC:OAOFY)
Historical Stock Chart
From May 2024 to Jun 2024
Pjsc Tatneft (CE) (USOTC:OAOFY)
Historical Stock Chart
From Jun 2023 to Jun 2024