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International Oil Company
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MCX: SNGS
Surgutneftegas
Surgut, Russia · Established 1993 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Surgutneftegas is one of Russia's largest independent oil producers, operating exclusively in West Siberia with production near 1.2 mbpd from the Surgut region fields. The company is notable for its opaque ownership structure and massive cash reserves accumulated over decades.
FY2023 revenue approximated $25 billion with net income near $8 billion. Minimal debt and substantial cash holdings (estimated $30+ billion) provide exceptional financial resilience. Limited refining exposure makes the co...
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