Russia's Surgutneftegaz hit by forex loss as profit slumps

The company's multibillion cash pile enables it to navigate global economic downturn

Cash reserves: President of Russian oil producer Surgutneftegaz, Vladimir Bogdanov — Cash reserves: President of Russian oil producer Surgutneftegaz, Vladimir BogdanovPhoto: SURGUTSKAYA TRIBUNA

Vladimir Afanasiev

Moscow

Surgutneftegaz Russia Europe Eastern Europe

Published 6 May 2020, 15:16Updated 6 May 2020, 15:16