Share market & capitalization

Issued securities of Gazprom Neft, key facts

Common shares with state registration ID 1-01-00146-Ŕ, issued on 17.06.2003

Par value of each share: RUB 0.0016

Number of shares issued: 4,741,299,639

Total issue value: RUB 7,586,079.4224

Stock search ID: SIBN.

Trading in Company shares

Gazprom Neft shares are traded in Russia on the MICEX and RTS, which are the main trading floors of the JSC MICEX-RTS unified stock exchange. As of December 31, 2011, Gazprom Neft shares amounted to 0.72% and 0.62% of the MICEX and RTS indexes, respectively.

Sales of Gazprom Neft shares in 2011 on all MICEX trading sites amounted to RUB 68 bn (USD 2,333 mn) compared with RUB 76 bn (USD 2,481 mn) in 2010. American depositary receipts (ADRs) issued on shares of Gazprom Neft represented 0.2% of total foreign ADR trading in the IOB system on the London Stock Exchange in 2011 (value of trades was USD 1,123 mn).

The Company share price rose by 15.5% on the MICEX in 2011 and stood at RUB 148.18 at the end of the year. Gazprom Neft’s capitalization as of December 31, 2011 was USD 23.68 bn. The investment community singled out the following key external factors as having a positive influence on prices for shares of Gazprom Neft:

  • The Company’s record-breaking cashflow performance and improved efficiency in capital investments;
  • New production assets of good quality;
  • Successful operation of mature fields;
  • Technology superiority of the Company’s refining capacity;
  • Development of premium sales channels;
  • High standards of information disclosure and management dialog with investors.

The Company sees strong fundamental drivers for growth of its capitalization in 2012. The Company believes it has the best value-added business among Russian oil companies in terms of refining depth, sales capacity, and new oil production projects in Russia which, with expected taxation changes, will create considerable value for the Gazprom Neft. Based on generally accepted market indicators, Gazprom Neft remained undervalued by the market in 2011 compared with international oil companies and with Russian-based peers. These factors together ensure considerable competitive advantages for the Company, offering substantial potential for value growth in the long term.

Prices of Gazprom Neft shares on the MICEX versus the MICEX Index
& the Urals reference oil brand (cf Brent Crude) in 2011

Source: Bloomberg data

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Trading in shares of Gazprom Neft on the MICEX

Source: Bloomberg data

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Trading in shares of Gazpr om Neft on the MICEX, % 

Source: Bloomberg data

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Prices for Gazpr om Neft ADRs versus the Russia FTSE IOB Index & the Urals reference
oil brand (cf Brent Crude) in 2011

Source: Bloomberg data

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Volumes of trading in Gazprom Neft ADRs on MICEX, RTS, LSE & OTCQx

Source: Bloomberg data

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