The speed of Gazprom’s decline is breathtaking. At its peak in May 2008, the company’s market capitalisation
reached $367bn (£237bn), making it one of world’s most valuable companies, according to a survey compiled by the Financial Times. Only fellow Exxonmobile and PetroChina were worth more. Gazprom’s deputy chair Alexander Medvedev
repeatedly predicted that within a decade the Russian energy giant could be worth $1 trillion.
That prediction now seems foolhardy. Since 2008, Gazprom’s value has plummeted. In early August it had a market capitalisation of $51bn – losing more than $300bn. No company among the world’s top 5,000 has suffered a bigger collapse,
Bloomberg Business News reported in April 2014, and by the end of the year net income had fallen by an astonishing 86%.
http://www.theguardian.com/world/2015/aug/07/gazprom-oil-company-share-price-collapse