Creating value for the stakeholders

SHAREHOLDERS AND INVESTORS

Values

  • Long-term value growth
  • High level of dividend yield

2020 highlights

  • Gazprom Neft share price as at 31 December 2020: ₽317 per ordinary share, with a 26% growth outlook
  • Dividend payout for 9M 2020: 50% of consolidated IFRS result.
  • Dividend yield: 6% in 2020

What we do

  • Fostering communications with investors, shareholders and analysts to maintain a fair price for Gazprom Neft securities
  • Developing a well-balanced corporate governance system to ensure compliance with Russian and international best practices, taking into account the specifics of the industry
  • Transparent reporting of Development Strategy implementation
  • Implementing a dividend policy that aligns shareholder interests and the strategic priorities of the company
  • Respecting minority shareholders’ rights
  • Continuously developing a risk-management system with highly detailed levels of responsibility

CUSTOMERS AND CONSUMERS

Values

  • Readily available and stable energy supplies
  • Good consumer value and environmentally-friendly products

2020 highlights

  • Leadership in premium petroleum product markets
  • 1.9 million virtual “On Our Way!” cards, the loyalty programme of the Gazprom Neft filling station network
  • Offering modern high-octane fuel
  • Jet fuel supplied to 294 airports in 69 countries worldwide
  • Bunkering at 35 ports in Russia, Romania, Latvia and Estonia
  • Lubricants supplied to 96 countries

What we do

  • Expanding direct sales to corporate customers through the company’s own distribution network
  • Expanding the Gazprom Neft filling station network and developing its loyalty programme
  • Forging partnerships with leading petroleum-product consumers
  • Developing and manufacturing products with enhanced consumer value and improved environmental performance
  • Increasing the efficiency of distribution channels by digitising business processes and developing communication channels for customers and contractors

EMPLOYEES

Values

  • A reliable employer providing professional development opportunities to itsemployees
  • A competitive compensation package

2020 highlights

  • The company has topped HeadHunter’s ranking of the most attractive employers
  • The average monthly salary at Gazprom Neft is ₽141,000 (up 5.2%)
  • Infrastructure for remote work was expanded, and a corporate system for monitoring employees’ health was created
  • COVID-19 testing has been set up, and vaccinations have been offered
  • More robust health and safety measures have been implemented across the company’s facilities

What we do

  • Ongoing recruitment and employee rotation programmes
  • Talent pool management, competency development and training
  • Developing motivation programmes and building a culture of engagement
  • Increasing employees’ productivity and organisational efficiency
  • Enhancing the efficiency of HR management
  • Adopting health protection and social support measures
  • Developing remote workstations and digital tools
  • Providing effective occupational health protection, and fostering a safety culture

LOCAL COMMUNITIES

Values

  • Corporate responsibility for sustainable regional development
  • Strategic partnerships and a meaningful social impact
  • Unlocking the potential of local residents and communities, protecting and developing the living environment

2020 highlights

  • More than 4,000 regional change leaders in the company’s projects
  • Social investments in the regions: ₽6.4 billion.
  • Gazprom Neft is a major taxpayer in the key regions of its operation

What we do

  • Supporting local initiatives by sharing our expertise and offering other practical support (over 1,000 grant projects)
  • Cooperating to develop the living environment in the regions of operation: infrastructure, environmental and community development projects
  • Volunteer movement (more than 3,000 social activists)
  • Ensuring the regions’ competitiveness through targeted support of talent, ethnic groups and young people
  • Embedding environmental protection across all partnerships with the regions
  • Providing stable tax revenues to local budgets to drive systemic social change

GOVERNMENT

Values

  • Energy security
  • Tax payments
  • Technological development of the Russian oil and gas industry

2020 highlights

  • Hydrocarbon production: 96.06 mtoe
  • Productive life of mature fields extended through the use of cutting-edge technologies
  • Innovative methods leveraged to involve hard-to-recover reserves into production

What we do

  • Driving stable production growth and efficient oil refining with an extensive distribution network for petroleum products
  • Implementing major high-tech projects and driving the integrated development of the Russian Arctic shelf
  • Developing technological capabilities and import substitution