January 20 Goldman Sachs published a review of the Russian oil and gas industry for 2022. The US investment bank predicted the rise in Brent oil prices by 18 percent, up to $ 96 per barrel. The Bank also expects macroparameters to be favorable for the industry, and its dividend yield will increase.
In the fourth quarter of 2021, the average non-bank of Russian oil companies amounted to 5 thousand rubles per barrel, which became a record indicator. According to Goldman Sachs forecasts, five of the seven largest oil and gas companies in Russia will declare the highest dividends in the history, and the average dividend yield in the sector will be 11 percent of 2021. It is expected that in 2022 this indicator will reach 14 percent.
Goldman Sachs pointed out in the report that at the end of 2022 the oil and gas sector as a whole can get 80 billion dollars of free cash flow and pay 55 billion dividends.
also the bank confirmed the recommendation to “buy” on Rosneft shares. Previously, Goldman Sachs included Rosneft to the list of companies most preferable to invest, assessing the growth potential of its securities in 41 percent.