Russian Energy Potentially Undervalued Companies

Gazprom Neft

Market Cap: ₽1.8t

Public Joint Stock Company Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in Russia, the CIS countries, and internationally.

PJSC LUKOIL

Market Cap: ₽2.5t

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas.

Rosneft Oil

Market Cap: ₽21.0b

Public Joint Stock Company Rosneft Oil Company, together with its subsidiaries, engages in the exploration, development, production, and sale of crude oil and gas.

RussNeft

Market Cap: ₽26.1b

Public Joint Stock Company RussNeft, together with its subsidiaries, engages in prospecting, exploration, development, production, marketing of oil and gas products in Europe, the Commonwealth of Independent States, and the Russian Federation.

Slavneft-Megionneftegas

Market Cap: ₽34.4b

Joint-stock company Slavneft-Megionneftegas, together with its subsidiaries, engages in the oil and gas production activities in Russia.

Gazprom

Market Cap: ₽4.7t

Public Joint Stock Company Gazprom, an integrated energy company, engages in the geological exploration, production, processing, storage, transportation, and sale of gas, gas condensates, and oil in Russia and internationally.

Surgutneftegas

Market Cap: ₽928.7b

Surgutneftegas Public Joint Stock Company, together with its subsidiaries, engages in the exploration and production of hydrocarbons in Russia.

PAO NOVATEK

Market Cap: ₽20.9b

PAO NOVATEK, an independent oil and gas company, engages in the acquisition, exploration, development, production, processing, marketing, and export of natural gas and liquid hydrocarbons.

PJSC Tatneft

Market Cap: ₽915.4b

Engages in exploration, development, and production of crude oil in Russia and internationally.

PAO TMK

Market Cap: ₽63.0b

PAO TMK produces and sells steel pipes for the oil and gas, chemical and petrochemical, energy and machine-building, construction, agriculture, and other economic sectors.