Top 10 Largest Companies in Russia (by Market Cap, Early 2025)
As of early 2025, Russia’s economy is dominated by large players in oil, gas, finance, and minerals. Here are the Top 10 publicly traded Russian companies by market capitalization, enriched with captivating facts to make your blog post pop.
- Sberbank — ~$86.6 billion (CompaniesMarketCap)
Russia’s largest bank—and often the country’s most valuable company—Sberbank is pushing into AI and digital services, aiming to redefine banking in a digital age. - Rosneft — ~$57.5 billion (CompaniesMarketCap)
The state-backed oil giant overtook Sberbank in late 2024 and early 2025, thanks to strong crude exports to India and China despite sanctions. Its market cap hit RUB 6.25 trillion (~$67 billion) by January 3, 2025. (MarketScreener) - Lukoil — ~$54.9 billion (CompaniesMarketCap)
One of Russia’s largest non-state oil producers with international reach, Lukoil remains a key player in energy and petrochemicals. (Wikipedia) - Novatek — ~$41.8 billion (CompaniesMarketCap)
Russia’s largest independent natural gas producer, focusing on LNG projects with a growing global footprint. - Gazprom — ~$39.1 billion (CompaniesMarketCap)
Once the nation’s crown jewel, Gazprom’s market cap has contracted steeply amid European energy sanctions. As of March 2025, its valuation hovers around $46 billion—a shadow of its 2007 heights. (Reuters) - Polyus — ~$34.3 billion (CompaniesMarketCap)
Russia’s largest gold producer, benefiting from rising gold prices and global demand stability. - Norilsk Nickel (Nornickel) — ~$23.0 billion (CompaniesMarketCap)
A global leader in nickel and palladium—critical for EVs and electronics—with growing emphasis on sustainable mining practices. - Tatneft — ~$15.2 billion (CompaniesMarketCap)
Integrated in upstream and downstream operations, Tatneft is branching into petrochemicals and renewable energy efforts. - Severstal — ~$12.0 billion (CompaniesMarketCap)
Russia’s biggest steel and mining company—also known for owning Severstal hockey team and an airline under its corporate umbrella. (Wikipedia) - PhosAgro — ~$10.7 billion (CompaniesMarketCap)
A major fertilizer producer, PhosAgro capitalizes on rising demand for agricultural inputs worldwide.
Notes & Source Links
- Market cap figures sourced from CompaniesMarketCap.com (updated early 2025).
- Rosneft surpassed Sberbank in December 2024, closing at RUB 6.25 trillion (~$67 billion) by January 3, 2025. (MarketScreener)
- Gazprom’s decline linked to its shrinking share in the European market—now just 7% of prior levels—and reduced export revenues. (Reuters)