The Company’s mission in its work with the investment community is to facilitate a fair assessment of the company’s value through timely communication and provision of complete and accurate information about its activities.
Gazprom Neft’s activities in this area comply with international best practices and include:
holding quarterly conference calls for investors and analysts, at which company management presents Gazprom Neft PJSC’s operating and financial results and conducts a Q&A session;
publishing the Management’s Discussion and Analysis of Financial Condition and Results of Operations on a quarterly basis, as an appendix to Gazprom Neft’s financial statements (IFRS).
preparing ESG and investor presentations;
publishing the Databook and Datafeed statistical reference guides to enable comprehensive analysis of the company’s operations.
The company launched its new IR website for investors and shareholders. The website significantly enhances the disclosure of information on company’s activities, including in the area of sustainable development. The new IR website was highly rated by investors and analysts, and was among the winners of the Corporate & Financial Awards in the Best corporate website: International nomination. The company’s Investor Relations portal is available at ir.gazprom-neft.com.
The company’s IR team and management also meet regularly with investors and shareholders, participate in all major conferences of the investment brokerage community and hold an annual Investor Day, where analysts and investors receive answers to their questions from the company’s top management. The company also holds briefings on issues requiring any further clarification and discussion.
Gazprom Neft organises visits to its upstream sites and downstream facilities to keep investors and analysts informed about the company’s production assets. In-person meetings and roadshows were, however, limited in 2020 to prevent the spread of COVID-19. Nevertheless, company representatives held remote meetings with more than 130 investors and analysts and participated in ten online conferences, including for individuals, which had a beneficial effect on the investment community’s perception of the company.
Institutional investors’ views on Gazprom Neft according to the April 2021 Company Perception Survey.
Gazprom Neft is one of top companies in Russia’s oil and gas industry thanks to its management model, communication with investors on dividend policy and operational performance.
The wide range of upstream projects in the company’s portfolio and its secured position in refining favourably distinguish Gazprom Neft among Russia’s oil companies.
Analyst assessment of the company events in 2020
Negative or neutral factors
Approval of a dividend policy establishing the dividend payout ratio at 50% Ongoing payment of interim dividends Net debt / EBITDA downgrade
Capital expenditure is driven by market volatility and the need to develop strategic projects Neutral assessment of the effect of tax changes as the company will become one of the main beneficiaries of those changes
Flexible approach to project management, allowing for quick response to market changes Reduction in per-unit operating costs
Restriction of liquid hydrocarbon production under the OPEC+ agreement
REFINING AND SALES
The ongoing refinery modernisation programme and implementation of various environmental initiatives
Decline in refining volumes due to lower demand for petroleum products in the face of the COVID-19 pandemic
Consensus forecast for the Gazprom Neft PJSC target share price