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  • Gazprom is the largest joint stock company in Russia. The total number of bank accounts holding 23,673,512,900 shares of Gazprom exceeds 800,000 (as of May 31, 2021). The Russian Government controls over 50 per cent of the Company's shares.

    Gazprom's equity capital
    Shareholders Stake, % as of December 31, 2020
    The Russian Federation represented by the Federal Agency for State Property Management 38.37
    ROSNEFTEGAZ* 10.97
    Rosgazifikatsiya* 0.89
    ADR holders 16.71
    Other legal entities and individuals 33.06

    *Companies controlled by the Russian Government 

    Gazprom's shares are among the most liquid instruments in the Russian stock market. The Company's stock has the largest share in the RTS and MOEX Russia indexes. Gazprom's shares are included into the first (top) quotation lists of the Russian stock exchanges – the Moscow Exchange and the Saint Petersburg Exchange.

    In 2020, Gazprom became the largest issuer in the MSCI Russia Index.

    Basic information about Gazprom's shares
    Number of shares issued 23,673,512,900
    Nominal value of a share RUB 5.0
    Total nominal values of an issue RUB 118,367,564,500
    Stock ticker symbol GAZP

    The voting principle at the General Shareholders Meeting is 'one voting share of the Company – one vote,' except for cumulative voting in cases stipulated by the Federal Law on Joint Stock Companies.

    History of equity capital

    On May 20, 1993, Gazprom issued 236,735,129 shares at a par value of RUB 1,000 per share. The share issue was registered by the Ministry of Finance of the Russian Federation (registration No. MF73-1p-0204).

    On October 21, 1994, the Russian Federal Property Fund carried out, in accordance with Presidential Decree No. 1705 of December 31, 1992, and based on the outcomes of the specialized cheque auction for selling Gazprom's shares held in 61 regions of the Russian Federation between April 25 and June 30, 1994, a split-up of the Company's shares. The shares were split in the following way: 1 share with a par value of RUB 1,000 was split into 100 shares with a par value of RUB 10.

    On August 19, 1998, in accordance with the Russian Government Resolution No. 217 of February 18, 1998 (On the Specifics of Securities Circulation Due to a Change in the Face Value of Russian Currency and the Scale of Prices), the Russian Federal Securities Commission (FSC) Resolution No. 6 of April 20, 1998 (On the Procedure for Amending the Decision on Securities Issue, Emission Prospectuses, Privatization Plans and Incorporation Documents Due to the Changes in the Face Value of Russian Currency and the Scale of Prices), and the FSC Decision of August 17, 1998, the FSC introduced and registered the amendments to the emission prospectus for ordinary nominal uncertified shares (state registration No. MF73-1p-0204 of May 20, 1993). As a result, the face value of ordinary nominal shares amounted to RUB 0.01.

    Subsequently, all of Gazprom's 23,673,512,900 ordinary nominal uncertified shares of the first issue (state registration No. MF73-1p-0204 of May 20, 1993), at a nominal value of RUB 0.01 per share, were cancelled because of their conversion (conducted on December 30, 1998) into the same number of ordinary nominal uncertified shares of the second issue at a nominal value of RUB 5.0 per share.

    Depositary receipts

    ADR stands for an American Depositary Receipt issued against Gazprom's ordinary shares, providing for the free floating of the Company's shares in international stock markets. The Company's ADRs are deposited with The Bank of New York Mellon. ADR affirms the ownership of Gazprom's shares deposited with The Bank of New York Mellon. One ADR represents two shares of Gazprom. It is possible to convert Gazprom's ordinary shares into ADRs and vice versa.

    Number of ADRs vs. number of Gazprom's shares 1:2
    Program limit 35% of equity capital
    Program type Sponsored
    ADR symbol OGZPY
    CUSIP 368287207
    US_ISIN US3682872078
    Account depository The Bank of New York Mellon
    Custodian bank Gazprombank” (Joint Stock Company)
    Starting date of the current Program April 17, 2006

    Gazprom is one of the first Russian issuers of depositary receipts traded on the global stock market.

    Information about ticker symbols
    Stock exchange Ticker symbol
    Moscow Exchange GAZP
    London Stock Exchange OGZD
    Berlin Stock Exchange 903276
    Frankfurt Stock Exchange 903276
    Singapore Stock Exchange AAI

    ADR Program history

    Gazprom's ADR Program was launched on October 21, 1996. In the late 1990s, Gazprom's shares and the Russian stock market in general were underrated. Because of the danger of a foreign takeover, the Russian Government imposed restrictions on the purchases of Gazprom's shares by foreign investors. At that time, there were two markets for Gazprom's shares: the Russian market of ordinary shares and the ADR market limited to 4.4 per cent of the equity capital. The prices of shares and ADRs differed significantly from one another.

    The Russian Government and Gazprom's management joined efforts to liberalize the Company's stock market. In 2005, the Government gained control over Gazprom's shares, thus fulfilling the main condition for lifting the restrictions on the acquisition and trading of the Company's shares. In April 2006, a new ADR Program – the so-called first-level Program – was launched. The Program provides for the possibility of trading the issuer's receipts in the United States exclusively at the over-the-counter market and enables private investors to hold the receipts. Before that, Gazprom's receipts were issued in line with Rule 144A and Regulation S, meaning that institutional American investors with a portfolio of over USD 100 million, as well as non-US investors, were entitled to hold the Company's receipts.

    Before 2006, one ADR represented 10 shares of Gazprom; starting from 2006, the ratio was reduced to 1:4, and from 2011 – to 1:2.

    At present, Gazprom's ADRs are listed at the London Stock Exchange, traded at the US over-the-counter stock market and at European stock exchanges, including the Berlin and Frankfurt Stock Exchanges. As of December 31, 2020, 16.71 per cent of Gazprom's shares were floating in the form of ADRs.

    In February 2014, MOEX included Gazprom's ADRs into the Non-Listed Securities Register (List of Securities Admitted to Exchange Trading) and admitted them to stock trading.

    In June 2014, Gazprom's global depositary receipts were granted a listing and included in the quotation list of the Singapore Exchange.


    As of the end of 2020, Gazprom's market capitalization was RUB 5 trillion, which equates to USD 68.2 billion.