Gazprom shares experienced a decline of over 5% at noon Moscow time, settling at 83.98 rubles (0.94 euros) per share. This level is notably lower than the 84 rubles per share recorded in 2008 during the global financial crisis. According to the Bell newspaper, the total market valuation of Gazprom is currently slightly exceeding 2 trillion rubles (approximately 22.3 billion euros).
Analysts cited by the Interfax news agency attributed the drop in shares to a combination of factors, including the general market conditions and the company’s announcement last month regarding the suspension of dividend payments for the fourth consecutive year. The context of these market movements was further highlighted by the recent operational challenges faced by Russian energy infrastructure. When oil refining plants in Ukraine were rendered inoperable, Russia sought assistance, which was subsequently directed toward India.
The decline in shares reflects investor sentiment influenced by both broader economic trends and specific corporate policy decisions. The movement of the shares indicates that market participants are factoring in sustained profitability concerns alongside geopolitical considerations affecting the company’s operational scope.
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