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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pjsc Tatneft (CE) | USOTC:OAOFY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.55 | 0.00 | 01:00:00 |
By Jaime Llinares Taboada
Tatneft PJSC on Wednesday reported that its profit almost halved in 2020, reflecting weaker oil and gas prices and OPEC+ production restrictions.
The Russian oil major made a net profit of 103.49 billion rubles ($1.36 billion) last year, down from RUB192.26 billion in 2019.
Revenue declined 23% to RUB720.7 billion.
"The group's operations in 2020 were significantly affected by the economic impact of the Covid-19 pandemic, changes in oil and petroleum product prices, and the implementation of unprecedented production restrictions under the OPEC+ agreement," Tatneft said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
March 31, 2021 04:54 ET (08:54 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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