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GAZPROM NEFT TODAY

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STRATEGY TO 2030:TO BUILD A NEW-GENERATION COMPANY

GAZPROM NEFT BY 2030 – A GLOBAL INDUSTRY BENCHMARK IN TERMS OF EFFICIENCY, SAFETY, AND TECHNOLOGICAL ADAPTABILITY

1 Return on average capital employed.

JOINING THE WORLD’S TOP-10 PUBLIC-COMPANY HYDROCARBON PRODUCERS

BUSINESS OBJECTIVES- OPERATIONAL- DIGITAL- CULTURAL- ORGANISATIONAL

THE MARKET LEADER BY ROACE1 (AT LEAST 15%)

MAXIMISING THE ADDED VALUE OF EVERY BARREL PER TONNE OF OIL PRODUCED AND REFINED

IMPROVING SPEED AND QUALITY IN DECISION MAKING

TRANSFORMATION

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2018 RESULTS

GAZPROM NEFT IS RANKED THIRD IN RUSSIABY PRODUCTION AND REFINING VOLUMES

MTOE1 MT3 BTOEMT

PRODUCTION VOLUMES2

REFINING VOLUMES RESERVES (SPE/PRMS)SALES OF OIL PRODUCTSTHROUGH PREMIUM RETAIL CHANNELS

1 A tonne of oil equivalent (toe) is the unit used throughout the oil industry and applied to all hydrocarbons to measure one unit of energy.2 Including production in joint ventures and assets located abroad.3 Of which 39.3 mt is the volume refined in Russia.

92.9 42.9 2,8427.1

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RECORD 2018 YEAR-END FINANCIAL RESULTS

GAZPROM NEFT LEADS THE MARKET IN TERMS OF IMPROVEMENTS IN KEY FINANCIAL INDICATORS

REVENUE (RUB, billions) ADJUSTED EBITDA1 (RUB, billions) NET PROFIT (RUB, billions) DIVIDENDS (RUB per share)

1 Includes proportional EBITDA from associated and jointly controlled companies.2 Profit available for calculation of dividend.

2017 2017 2017 2017

1,934560 2532 15

2,489 800 376.7 30

+28.7% +45.1% +48.7% +100%

2018 2018 2018 2018

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FIRST IN THE RUSSIAN ARCTIC

GAZPROM NEFT IS AN INDUSTRY LEADER IN IMPLEMENTING HIGH-TECH PROJECTS IN THE RUSSIAN ARCTIC

THE NOVOPORTOVSKOYE FIELD

THE VOSTOCHNO- MESSOYAKHSKOYE FIELD

THE PRIRAZLOMNOYE FIELD

THE "ARCTIC GATES" IS THE FIRST FRESHWATER ARTIC OIL TERMINAL IN THE WORLD

YEAR-ROUND DESPATCHES OF OILVIA THE NORTHERN SEA ROUTE A CUTTING-EDGE TANKER FLEET AND ICEBREAKING SUPPORT

THE NORTHERNMOSTONSHORE FIELD IN RUSSIA

INFRASTRUCTURE CONSTURCTION UNDER PERMAFROST CONDITIONS

MODERN ENVIRONMENTALLY FRIENDLY TECHNOLOGIES

THE ONLY RIG CURRENTLY PRODUCING OIL ON THE RUSSIAN ARCTIC SHELF

A "ZERO EMISSIONS" SYSTEMPREVENTS THE DISCHARGE OF ANY PRODUCTION OR DRILLING WASTE INTO THE SEA

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A LEADER IN TECHNOLOGICAL ADAPTABILITY

GAZPROM NEFT IS A MARKET LEADER IN TECHNOLOGICAL ADAPTABILITY AND AN INDUSTRY FLAGSHIP IN DIGITAL TRANSFORMATION

>500 THE COMPANY’S TECHNOLOGY CENTRES

DIGITAL PROJECTSAND INITIATIVES ARE BEING IMPLEMENTED ACROSS ALL AREAS OF THE BUSINESS

THE BAZHENOV TECHNOLOGY CENTREDEVELOPING TOOLS AND TECHNOLOGIES TO PRODUCE HARD-TO-RECOVER RESERVES AT THE BAZHENOV FORMATION

THE SCIENCE AND TECHNOLOGY CENTREDEVELOPING TECHNOLOGIES TO IMPROVE EFFICIENCY IN GEOLOGICAL PROSPECTING AND OIL PRODUCTION

THE PRODUCTION CONTROL CENTREIMPROVING PRODUCTION EFFICIENCY BY USING DIGITAL TWINS OF FIELDS

THE DIGITAL CONTROL CENTREDEVELOPING AN INTEGRATED PLATFORM FOR MANAGING PRODUCTION, LOGISTICS AND PRODUCT SALES USING INDUSTRY 4.0 TECHNOLOGIES

THE EFFICIENCY CONTROL CENTREMANAGING PRODUCTS’ ENTIRE VALUE CHAIN

THE "GEONAVIGATOR" DRILLING SUPPORT CENTREROUND-THE-CLOCK REMOTE-CONTROLLED SUPPORT IN DRILLING NEW WELLS

THE "HOUSE OF INNOVATION"A CROSS-FUNCTIONAL SPACE FOR DEVELOPING DIGITAL TOOLS THROUGHOUT ALL AREAS OF GAZPROM NEFT’S BUSINESS, USING MACHINE LEARNING AND NEURAL NETWORKS, ARTIFICIAL INTELLIGENCE, BLOCKCHAIN TECHNOLOGIES, ETC.

THE PROJECT MANAGEMENT CENTREIMPLEMENTING CUTTING-EDGE TECHNOLOGIES FOR IMPLEMENTING MAJOR OIL AND GAS PRODUCTION PROJECTS IN THE ARCTIC, SIBERIA AND IRAQ

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PRODUCTION GROWTH

PRODUCTION GROWTH IN EXCESS OF INDUSTRY-WIDE TRENDS

HYDROCARBON PRODUCTION (MTOE)

2013

62.2 66.2 79.7 86.2 89.710092.9

2014 2015 2016 2017 2018 2020 2030

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IMPROVING EFFICIENCY IN OIL REFINING

PRODUCING HIGH-QUALITY OIL PRODUCTS AND MODERNISING REFINING FACILITIES

2018 REFINING VOLUMES THE OMSK REFINERY THE MOSCOW REFINERY SLAVNEFT-YANOS2 THE PANČEVO REFINERY (SERBIA)

MT MT MT MT MT(NO.1 IN RUSSIA1)

THE COMPANY IS ENGAGED IN THE FULL MODERNISATION OF ITS REFINERIES IN OMSK, MOSCOW AND PANČEVO – AS A RESULT OF WHICH THE CONVERSION RATE IS GOING UP, THE LIGHT PRODUCT YIELD IS INCREASING, AND ENVIRONMENTAL PERFORMANCE IS IMPROVING

1 In terms of refining volumes. 2 Gazprom Neft’s share in Slavneft-YANOS’ total refining volume.

42.9 20.9 10.5 7.9 3.6

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AN EFFICIENT FILLING-STATION NETWORK

A DEVELOPING SALES NETWORK

MT T MILLION

FILLING STATIONS THROUGHOUT EUROPE AND ASIA

OF FUEL SOLD IN 2018 AVERAGE DAILY SALES PER FILLING STATION (RANKED NO.1 IN RUSSIA)

MEMBERS OF THE "ON OUR WAY" LOYALTY PROGRAMME

>1,800 11.34 20 11.4

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AVIATION REFUELLING

RUSSIA’S MARKET LEADER IN AIRPORT-BASED AVIATION REFUELLING

COUNTRIESREFUELLING COMPLEXES1MT

2018 SALES VOLUME

1 Directly owned airport refuelling complexes.

GAZPROM NEFT IS THE ONLY RUSSIAN OIL COMPANY MANAGING AIRCRAFT REFUELLING ABROAD

66 473.6

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MARINE BUNKERING

A MAJOR PLAYER IN RUSSIA’S BUNKERING MARKET

MTSALES OF MARINE FUELS IN 2018

IN RUSSIA AND BEYOND

PORTSBUNKERING VESSELS2.92 3710

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CUTTING-EDGE ENGINE OILS

HIGH-TECH PRODUCTION IN RUSSIA AND BEYOND

TONNES TONNES COUNTRIESOF LUBRICANTS SOLD IN 2018

PRODUCTION ASSETS• OMSK (RUSSIA)• FRYAZINO (RUSSIA, MOSCOW OBLAST) • BARI (ITALY)• NIZHNY NOVGOROD (RUSSIA)• YAROSLAVL (RUSSIA)• NOVI SAD (SERBIA)

OF G-ENERGY OILS SOLD IN 2018

RECEIVING OIL EXPORTS

703,000 52,000 78

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HIGH-TECH BITUMEN PRODUCTS1

LEADING THE RUSSIAN BITUMENS MARKET

MT COUNTRIESOF BITUMENS SOLD IN 2018

PRODUCTION ASSETS• MOSCOW (RUSSIA)• RYAZAN (RUSSIA)• OMSK (RUSSIA)• SALSK (RUSSIA, ROSTOV OBLAST)• SHYMKENT (KAZAKHSTAN)• NOVI SAD (SERBIA)• VYAZMA (RUSSIA, SMOLENSK OBLAST)

RECEIVING BITUMEN EXPORTS

2.5 561 Bitumen is a petrochemical product used for road construction and maintenance as well as in housing and utilities infrastructure.

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THE ENVIRONMENT

OUR SENSE OF RESPONSIBILITY – TOGETHER WITH CUTTING-EDGE TECHNOLOGIES – GUARANTEE ENVIRONMENTAL SAFETY

TOTAL INVESTMENTS IN ENVIRONMENTAL PROTECTION IN 2018

GAZPROM NEFT ONLY PRODUCES EURO-5 FUELS

THE "BIOSPHERE" BIOLOGICAL TREATMENT FACILITY IS AN INNOVATIVE RUSSIAN-DESIGNED WATER-TREATMENT COMPLEX ALLOWING CLOSED-LOOP WATER CONSUMPTION AT REFINERIES

WIRELESS SEISMIC TECHNOLOGIES – "GREEN SEISMIC" – MAKE IT POSSIBLE TO REDUCE MANMADE IMPACTS ON THE NATURAL ENVIRONMENT, REQUIRING ALMOST NO FELLING

ENVIRONMENTAL MONITORING IS UNDERTAKEN AT ALL FIELDS. ENVIRONMENTAL IMPACT ASSESSMENTS ARE MANDATORY IN ALL MANAGERIAL AND INVESTMENT DECISION MAKING

RUB19 BILLION

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BEST EMPLOYER

GAZPROM NEFT OFFERS ITS EMPLOYEES ATTRACTIVE WORKING CONDITIONS AND OPPORTUNITIES FOR SELF-FULFILMENT

BEST EMPLOYERS IN RUSSIA1

PROFESSIONALSTEAM MEMBERS

ARE EMPLOYED AT GAZPROM NEFT2

COMPLETED TRAINING IN 2018

1 Best National Employer – Randstad, 2019. Voted Russia’s favourite employer by jobseekers – HeadHunter, 2019. Voted No. 2 among Russian companies in terms of its appeal to students of engineering and the natural sciences – Universum, 2018.2 As at 31.12.2018.

TOP 3AMONG THE

70,648 60,826

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ONE OF THE MOST SUCCESSFUL AND BEST-KNOWN LOCAL DEVELOPMENT PROGRAMMES OFFERED BY RUSSIAN BUSINESSES

SOCIAL INITIATIVES IMPLEMENTED IN 2018

• ESTABLISHING BASIC SOCIAL INFRASTRUCTURE THROUGHOUT THOSE REGIONS IN WHICH THE COMPANY OPERATES

• A COMPREHENSIVE PROGRAMME FOR IMPROVING THE URBAN ENVIRONMENT

• DEVELOPING SPORT, EDUCATION AND CULTURE• ESTABLISHING CREATIVE INDUSTRIES• POPULARISING SCIENCE AMONG YOUNG PEOPLE• PRESERVING AND SUPPORTING THE TRADITIONAL LIFESTYLES

OF THE INDIGENOUS POPULATIONS OF THE RUSSIAN FAR NORTH

TOTAL CSR INVESTMENTS IN 2018

>250

THE "HOME TOWNS"SOCIAL INVESTMENT PROGRAMME

RUB6.8 BILLION

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