The largest companies of Russia

The economy of the Russian Federation is ranked the 6^th in the world and the 2^nd in Europe by the GDP volume (by the Purchasing Power Parity), and the 11^th in the world and the 4^th in Europe by the nominal GDP volume. Russia is among the leaders by mining and export of mineral resources; sales revenue forms the country’s budget. The experts of the Information Agency Credinform have made a research on the share of the fuel and energy complex in the TOP-30 of the largest companies, and on the validity of the opinion on insufficient diversification of the Russian economy.

Table 1. TOP-30 of the Russian companies by 2019 revenue, and their business activities

No.	Company	Net profit for 2019, billion RUB	Change to 2018	Business activity
1	OIL COMPANY ROSNEFT	6827,5	-2,0%	Oil and gas
2	GAZPROM	4758,7	-8,1%	Oil and gas
3	RUSSIAN RAILWAYS	1848,1	+18,5%	Transportation
4	GAZPROM NEFT	1809,8	-12,6%	Oil and gas
5	SURGETNEFTEGAZ	1555,6	+2,0%	Oil and gas
6	MAGNIT	1396,5	+9,0%	Trade
7	AGROTORG	1234,4	+19,0%	Trade
8	GAZPROM MEZHREGIONGAZ	1099,1	-7,8%	Oil and gas
9	TRANSNEFT	960,8	+2,5%	Oil and gas
10	PEREKRESTOK	906,7	+3,2%	Trade
11	MMC NORILSK NICKEL	878,1	+44,2%	Metallurgy
12	LUKOIL WESTERN SIBERIA	849,7	-1,2%	Oil and gas
13	TATNEFT	827,0	+4,3%	Oil and gas
14	TC MEGAPOLIS	744,9	+6,1%	Trade
15	OIL COMPANY BASHNEFT	703,1	-6,9%	Oil and gas
16	GAZPROMNEFT-REGIONAL SALES	617,9	-6,7%	Oil and gas
17	AEROFLOT-RUSSIAN AIRLINES	551,8	+9,3%	Transportation
18	NOVATEK	528,5	-5,7%	Oil and gas
19	SAMOTLORNEFTEGAZ	468,8	+0,8%	Oil and gas
20	SIBUR HOLDING	462,9	-4,8%	Oil and gas
21	SEVERSTAL	457,6	+5,7%	Metallurgy
22	CONCERN ROSENERGOATOM	456,7	+17,0%	Electric power
23	LUKOIL-VOLGOGRADNEFTEPERERABOTKA	456,4	-0,9%	Oil and gas
24	LENTA	445,0	+1,4%	Trade
25	LUKOIL	444,5	+68,1%	Oil and gas
26	LUKOIL-KOMI	442,4	-5,1%	Oil and gas
27	MAGNITOGORSK IRON AND STEEL WORKS	434,9	-5,1%	Metallurgy
28	NOVOLIPETSK STEEL	421,8	-14,6%	Metallurgy
29	LUKOIL-PERMNEFTEORGSINTEZ	390,8	+0,7%	Oil and gas
30	VANKORNEFT	383,3	-9,9%	Oil and gas

The analysis shows that companies of the fuel and energy complex dominate the TOP-30 with the share of 60%. Picture 1 presents distribution of the shares of the TOP-30 largest companies by the industries.

Picture 1. Distribution of companies by the industry

Following the results of the ranking, the oil and gas companies still have the leading positions. However, it does not mean that the Russian economy is not diversified enough. Russia is ranked the 2^nd in the world by mining and export of crude oil and natural gas extraction, also it is the 1^st by export of natural gas in the world. That is why so many companies of the fuel and energy complex are included in the TOP-30. The number of these companies will be much less in the TOP-100, for instance.