Surgutneftegas Public Joint Stock Company is a leading vertically integrated Russian oil and gas company engaged in the exploration, drilling, and production of hydrocarbons primarily in Western Siberia, Eastern Siberia, and the Timan-Pechora provinces. The company manufactures and sells crude oil, petroleum products including motor fuels, aromatics, liquid paraffin, diesel fuel, jet fuel, bitumen, roofing and insulation materials, and operates a major refinery through its subsidiary Kirishinefteorgsintez located in Kirishi, Leningrad Oblast. Surgutneftegas also engages in gas processing, power generation, and marketing of petroleum products through wholesale and retail channels, with retail operations notably in northwest Russia via collaboration with the Petersburg Fuel Company. Founded in 1973 and headquartered in Surgut, Russia, it also participates in geological surveying, construction, and maintenance of industrial infrastructure. In recent years, Surgutneftegas has maintained stable oil production levels aligned with OPEC+ agreements and fully replenished its hydrocarbon reserves, receiving new licenses for exploration, appraisal, and extraction in Western Siberia in 2024. The company continues to expand its resource base through acquisition of subsoil use licenses and intensifies geological exploration activities, evidenced by extensive seismic surveys and appraisal drilling in 2024. These strategic actions underscore its commitment to sustaining long-term production capacity and operational growth within the Russian oil and gas industry. Surgutneftegas remains under the leadership of Vladimir Bogdanov and holds significant assets including a stake in Oneximbank and operations across multiple segments of the energy value chain.