Tatneft and Novatek in the top 10 most profitable oil companies

Tatneft and Novatek in the top 10 most profitable oil companies

Two Russian companies Tatneft and Novatek are among the top ten oil companies that  provide their shareholders with maximum income, the information by The Boston Consulting Group (BCG) in its annual ranking of the Value Creators for the year 2016 confirms.

Tatneft and Novate were in the fifth and ninth places with the average total shareholder return (index of Total Shareholder Return – TSR) of 20,8% and 11,8% respectively, Tass reports.

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