Russia's Surgutneftegaz piles on cash but oil output slumps in Covid-hit market

First-quarter report fails to inspire investors that see no action from company's management to grow business or engage in energy transition

Reserves: storage tanks at an oilfield in West Siberia operated by Russia's Surgutneftegaz
Reserves: storage tanks at an oilfield in West Siberia operated by Russia's SurgutneftegazPhoto: UGRA-NEWS.RU
Published 17 May 2021, 15:39Updated 17 May 2021, 15:39