reuters.com

Gazprom First-Half Profit Falls 12% as Q2 Earnings Rise

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Sig1.72Sen-1.22Env0.00Soc0.00Gov0.00

Gazprom’s first-half profit fell 12%, while second-quarter profit rose to 518.6 billion roubles, up more than 60% from 2024, supported by higher oil and gas prices. A stronger rouble reduces results when sales are paid in international currencies. The group expects core earnings to grow 6% to 7% this year, citing increased supplies and exports to China, and notes it has lost most European customers since the 2022 war.

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