In 2013, Surgutneftegaz’s dividend size may increase to 0.56 rubles (on ordinary share) and 1.84 rubles (on preferred share)

The richest oil and gas company in the world – Surgutneftegaz, which safety cushion exceeds 921 billion rubles, abides by the conservative development strategy. This is also expressed in attitude of its shareholders: they receive dividends after competition of reporting periods during many years. What dividend shall they calculate on by results of 2013?

After the merger of BP-TNK by Rosneft, Surgutneftegaz became the third large integrated oil-producing company in Russia, being behind Rosneft and Lukoil. In the recent 20 years, Surgutneftegaz achieved representative results: the oil production grew from 38.14 to 61.41 million tons by 2012, the number of developed fields increased from 20 to 63. Financial rates grew many times. As for the proceeds: according to the company’s accounting under RAS it was 11.92 billion rubles in 1995 and 815.57 billion rubles in 2012. The company’s achievement are very impressive, but if to watch the dynamics of its industrial rates in the recent years and the further plans of the development, we can say about the company’s maturity – this is s time when it’s important to retain achieved milestones.