Russia: Gazprom Wants The Number One Spot!


While I was drinking my morning cup of coffee I was thinking that Gazprom had to have its sights on the number 1 spot in the world. For the last few weeks there has been article after article about how fast Gazprom is growing and that they have their sights on Exxon.
MOSCOW, May 27 (RIA Novosti) – Russian energy giant Gazprom is seeking to become the world’s number one company, CEO Alexei Miller said during a meeting with Russian President Dmitry Medvedev on Tuesday.

“…Very important steps will be taken, including making Gazprom the world’s number one company,” Miller said, adding that his company had experience, resources and over 300,000 employees to achieve the goal.

Miller said Gazprom was now ranked the world’s third-largest company for market capitalization, which currently stands at $362 billion.

Financial statements say Gazprom produced 548.6 billion cubic meters of gas last year, excluding output by its subsidiaries, up 1.3% against 556 billion cubic meters in 2006.
I guess we will see what happens. This is apples to apples comparison. Exxon and Gazprom are both energy related businesses.

Kyle & Svet

comments always welcome.