Gazprom aims to be first trillion dollar firm

Giant Russian energy firm Gazprom wants to be the world’s first firm with a stock market value of a US$1 trillion (HK$7.8 trillion), its deputy chief executive told the Sunday Times.

Alexander Medvedev did not give a timetable for achieving the goal but the paper reported that executives at the firm, which is nearly half-owned by the state, believe it can be achieved within five to seven years.


Gazprom would have to quadruple its current US$251 billion market value to achieve the objective.

The firm is currently the eighth-most valuable in the world, with US oil and gas company Exxon Mobil, valued at US$479 billion, topping the list, the Sunday Times said. But Medvedev told the paper: “It’s not just a nice figure.”

The Standard (Hong Kong)