Company Profile For OAO "Tatneft' " imeni V.D. Shashina

OAO "Tatneft' " imeni V.D. Shashina (TATN3.MM) (Moscow Interbank Currency Exchange)

sector: Energy · industry: Integrated Oil & Gas ·

As of 24 Nov 2009

142.50RUB

Price Change

-3.35

Percent Change

-2.30%

Analyst Recommendations

Overview

Tatneft' OAO (Tatneft OJSC) is a Russia-based holding company active within the oil industry. Its operations are dividend into several segments: exploration and drilling, oil production, oil service, refining and gas processing, crude oil and oil product sales, petrochemistry, administration and analytical structures, science, finance, noncommercial and charitable funds and other organizations, including security office. It operates 76 oil fields. The Company trades its product on the domestic markets as well as exports them to Germany, Poland, the Czech Republic, Turkey, Croatia, Spain, Bulgaria, Sweden, Greece and France as well as to Ukraine and Belarus. Tatneft' OAO manages its activities through 39 subsidiaries, of which 19 are wholly owned, and through 12 affiliated companies.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Tatneft' OAO's revenue decreased 33% to RUR163.97B. Net income for the period before extraordinary items applicable to Common Stock increased 41% to RUR29.69B. Revenue reflects decreased income in Exploration and Productions well as Refining and Marketing business segment. Net income benefited from an increase in operating profit margins due to lower selling, general and administrative expenses.