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submitted 1 week ago* (last edited 1 week ago) by MicroWave@lemmy.world to c/world@lemmy.world

Summary

Gazprom reported a $13.1 billion loss in 2024, driven by the loss of its European market and increased tax liabilities.

The company's revenue rose by 11%, but falling share prices and a 25% income tax rate contributed to the deficit.

Gazprom's 2023 gas exports to the EU fell to 32 billion cubic meters, significantly lower than peak levels.

The financial crisis forced mass layoffs, including 1,600 central office employees. The EU’s shift away from Russian energy and Ukraine’s refusal to extend a gas transit agreement exacerbated the situation.

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[-] homesweethomeMrL@lemmy.world 1 points 1 week ago

What's that in %? Like, Micro$quash makes 65 Billion a year, they could absorb (and do) that kind of loss without missing a beat. I would expect the state oil company of "a gast station masquerading as a country" to be at least that big.

[-] mosiacmango@lemm.ee 2 points 1 week ago* (last edited 1 week ago)

Go here and select "net income"

2021 = +27b

2022 = +16.8b

2023 = -7b

2024 = -13b

This hurts them, a lot. Per the article, the EU is buying 1/6th the gas they used to.

this post was submitted on 21 Mar 2025
232 points (100.0% liked)

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