4Q 2020 FINANCIAL AND OPERATING RESULTS
Higher oil prices, weaker rouble, positive export duty lag effect
Operating results: higher oil and gas production, lower refined products output due to low demand driven by ongoing COVID-19 pandemic
Increased efficiency: growing share of high-margin volumes in hydrocarbon production, high investment discipline
Strong financial results: positive free cash flow in substantial global hydrocarbon demand decline environment
Dividend payment in the amount of RUB 32 billion