Russia’s top 10 companies by revenue in 2025 include energy giants Gazprom, Lukoil, and Rosneft, as well as financial services provider Sberbank and retail company Magnit. These companies contribute to Russia’s economic growth and play a significant role in their respective industries.
1. Gazprom
Industry: energy
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $121,500 Millions
Stock symbol: GAZP.ME
Gazprom, founded in 1989, is headquartered in the city of Moscow, Russia. It operates in more than 30 countries worldwide, making it one of the largest energy companies globally. Gazprom’s main activities revolve around the exploration, production, and distribution of natural gas and oil. It also provides a wide range of services, including transportation, storage, and marketing of energy resources. Gazprom is known for its prominent brands such as Gazprom Neft, Gazprom Export, and Gazprombank. In 2025, Gazprom has continued to expand its LNG export capacity, focusing on Asian markets amid ongoing geopolitical shifts.
2. Lukoil
Industry: energy
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $115,200 Millions
Stock symbol: LKOH.ME
Lukoil is a multinational energy corporation headquartered in Moscow, Russia. It was founded in 1991. The company operates in more than 30 countries worldwide, including Russia, the United States, and Europe. Lukoil is primarily engaged in the exploration, production, refining, and marketing of oil and gas. It also offers a wide range of petroleum products and services. Some of its well-known brands include Lukoil, Lukoil Marine, and Lukoil Aviation. In 2025, Lukoil has increased its investment in renewable energy and downstream operations in Central Asia.
3. Rosneft
Industry: energy
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $103,900 Millions
Stock symbol: ROSN.ME
Rosneft is a Russian oil company headquartered in Moscow, founded in 1993. It operates in multiple countries, with operations in over 40 countries worldwide. The company’s main activities revolve around the exploration, production, refining, and marketing of oil and gas. Rosneft is known for its diverse range of products and services, including crude oil, natural gas, petroleum products, and petrochemicals. It also owns several well-known brands in the industry. In 2025, Rosneft has expanded its Arctic oil projects and strengthened partnerships with Asian energy firms.
4. Sberbank
Industry: financial services
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $41,500 Millions
Stock symbol: SBER.ME
Sberbank, headquartered in Moscow, Russia, was founded in 1841. It operates in multiple countries, with a presence in over 20 countries worldwide. Sberbank’s main activities include providing banking and financial services, such as retail and corporate banking, investment banking, and asset management. It offers a wide range of products and services, including loans, deposits, insurance, and payment solutions. Sberbank is known for its strong brand presence and is one of the largest banks in Russia. In 2025, Sberbank is a leader in digital banking and fintech, with a growing ecosystem of online services and AI-driven financial products.
5. Magnit
Industry: retail
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $26,800 Millions
Stock symbol: MGNT.ME
Magnit is a retail company headquartered in Krasnodar, Russia, founded in 1994. It operates in multiple countries, with a presence in over 16,000 locations across Russia, Ukraine, and Kazakhstan. Magnit’s main activities include the sale of food and consumer goods, offering a wide range of products and services to its customers. The company also owns various brands, such as Magnit Family, Magnit Cosmetics, and Magnit Pharmacy. In 2025, Magnit has accelerated its e-commerce and delivery services, becoming a leader in omnichannel retail in Russia.
6. Nornickel
Industry: mining
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $16,700 Millions
Stock symbol: GMKN.ME
Nornickel is a company headquartered in the city of Moscow, Russia. It was founded in 1993. The company operates in multiple countries, with operations in around 20 countries worldwide. Nornickel is primarily engaged in the mining and production of nickel, palladium, platinum, and copper. They also provide various services related to the mining industry. Nornickel is known for its brands such as Norilsk Nickel and Polar Division. In 2025, Nornickel is investing in green mining technologies and recycling to meet global sustainability standards.
7. Tatneft
Industry: energy
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $16,300 Millions
Stock symbol: TATN.ME
Tatneft is a company headquartered in the city of Almetyevsk, Russia, and was founded in 1950. It operates in multiple countries, with operations in over 30 countries worldwide. Tatneft is primarily engaged in the exploration, production, and refining of crude oil and petroleum products. The company also provides a range of services including drilling, well workover, and oilfield construction. Tatneft is known for its various brands such as TANECO, which produces high-quality gasoline and diesel fuel. In 2025, Tatneft is expanding its petrochemical business and focusing on energy transition projects.
8. Novolipetsk Steel
Industry: steel
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $15,800 Millions
Stock symbol: NLMK.ME
Novolipetsk Steel, founded in 1934, is headquartered in Lipetsk, Russia. It operates in multiple countries, with operations in over 40 countries worldwide. The company’s main activities revolve around the production and distribution of steel products. Novolipetsk Steel offers a wide range of steel products, including hot-rolled and cold-rolled steel sheets, galvanized steel, and long products. It also provides various services such as steel processing and logistics. Novolipetsk Steel is known for its brands, including NLMK and Stoilensky. In 2025, the company is investing in low-carbon steel production and expanding exports to Asia and the Middle East.
9. Novatek
Industry: energy
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $15,100 Millions
Stock symbol: NVTK.ME
Novatek is a multinational company with its headquarters in Moscow, Russia. It was founded in 1994. The company operates in multiple countries, with a presence in over 30 countries worldwide. Novatek is primarily engaged in the exploration, production, and distribution of natural gas. They also provide a range of services related to the oil and gas industry. Novatek is known for its leading role in the liquefied natural gas (LNG) sector and has established itself as a prominent player in the global energy market. In 2025, Novatek has launched new LNG projects and increased exports to China and India.
10. Surgutneftegas
Industry: energy
Revenue (2024: Q1; 2025: Q2, Q3, Q4): $14,900 Millions
Stock symbol: SNGS.ME
Surgutneftegas is a Russian oil and gas company headquartered in Surgut, Russia. It was founded in 1993. The company operates primarily in Russia but also has operations in other countries. Surgutneftegas is engaged in the exploration, production, refining, and sale of oil and gas. They offer a wide range of products and services related to the oil and gas industry. The company does not have any specific brands associated with its operations. In 2025, Surgutneftegas continues to modernize its refining facilities and increase efficiency in upstream operations.
The combined revenue of Russia’s top 10 companies amounts to $491.7 Billion
Sources:
- Interfax Russia, “Рейтинг крупнейших компаний России по выручке – 2025” (https://www.interfax.ru/business/)
- Company annual reports and financial statements, 2025
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