Gazprom shares rally on huge profits report
The stock soared more than 30% as the company announced dividend payouts to shareholders
Gazprom shares rally on huge profits report
© Alexander NEMENOV / AFP
Russian energy major Gazprom's stock jumped 31% on Wednesday to 267.25 rubles per share (just over $4.43) on the Moscow Exchange, following the company’s announcement of bumper profits and dividend payments to shareholders.

The gas giant said its board had recommended a dividend of 51.03 Russian rubles ($0.85) per ordinary share for the first half of 2022. In its first-half earnings report released on Tuesday, Gazprom announced a record 2.5 trillion rubles ($41.75 billion) in net