Surgutneftegas reported earning results for the first quarter of 2020. For the quarter, the company saw its operating profit drop by about 70% to RUB 32.902 billion in the first quarter of 2020 from RUB 112.453 billion in the same period of 2019, the Russian oil company reported. For the month of march, the company told Interfax that it posted an operating loss of RUB 12.104 billion in March, when world oil prices collapsed.