Слайд 0 - Gazprom
Слайд 0 - Gazprom
Слайд 0 - Gazprom
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48<br />
1. Based on average Broker estimates on <strong>Gazprom</strong> Neft SOP valuation<br />
Current valuations do not fully reflect new and growth<br />
businesses<br />
<strong>Gazprom</strong> Neft Valuation (1)<br />
Analyst estimates Company valuation<br />
~10% Value<br />
~40%<br />
upside<br />
Analysts estimate New upstream projects, NIS and Downstream premium channels value ~10% of total<br />
Company value vs. <strong>Gazprom</strong> Neft estimate of 40%<br />
<strong>Gazprom</strong> Neft - Investor Day 2012