Value and Performance: Gazprom from the Corporate Governance and Finance Perspective
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In 2013 PFC Energy pronounced Gazprom the world’s ninth largest oil and gas company, and Gazprom was seventeenth on Forbes magazine’s list of biggest public companies, also ranking second in the list of the biggest oil and gas companies (ranked by production level).1 As of September 2013 its market capitalization was around $108 billion, not only way below that of Exxon Mobil, the long-term industry leader, but also less than that of the likes of BP and Total, after being on par with them just a year before. The 2013 annual Fortune 500 list ranks the company third by profits and twenty-first by revenues. It controls 15% of global gas production and 18% of global reserves, and is one of the major suppliers of energy to Europe.
KeywordsCorporate Governance Minority Shareholder Dividend Yield Optimal Investment Strategy Royal Dutch Shell
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