Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Gazprom tops Forbes Russia's investment ranking with $26 billion expenditure

EditorHari Govind
Published 21/11/2023, 13:32
Updated 21/11/2023, 13:32
© Reuters.

Gazprom (MCX:GAZP) has maintained its position as the leading investor among Russia's largest companies, according to Forbes' capital expenditure ranking. The state-controlled gas giant invested a substantial $26 billion this year, up from $23 billion, reinforcing its dominance in the sector. Following Gazprom, Rosneft secured the second spot with a notable capital injection of $12.7 billion. Atomenergoprom, a subsidiary of nuclear powerhouse Rosatom, took third place with investments amounting to $8.8 billion.

These strategic financial commitments are indicative of the companies' roles in corporate strategies and economic development within Russia. Novatek and Norilsk Nickel also made significant contributions to the nation's economy through their investments in projects and capital expenditures, with Novatek's Arctic LNG 2 project receiving $3.8 billion and Norilsk Nickel dedicating $3.2 billion.

Forbes' rankings take into account various types of investments such as fixed assets and acquisitions, shedding light on the strategic priorities of Russia’s major investors and their impact on shaping the nation's economic landscape. This year's investments by Gazprom and others reflect not only their business strategies but also the influence of economic policies on their decision-making processes.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.