Trading Rosneft Stocks

Rosneft Company Profile

PJSC Rosneft Oil Company, commonly known as Rosneft, is a Russian integrated energy company that engages in the exploration, extraction, production, refinement, transport, and sale of petroleum, natural gas, and other petroleum-derived products. It has three business segments: the first one focuses on the field exploration, development, and production of crude oil & natural gas; the second one on processing crude oil, as well as other hydrocarbons into petroleum products, while the third one is in charge of the sale and transportation of oil and oil products.

Rosneft is the third largest company in Russia, the second-largest state-controlled company after Gazprom, in terms of revenue (Ruble 4,134 billion), and it is also the world’s largest holder of hydrocarbon reserves and producer of hydrocarbon liquids. The company is headquartered in Moscow and operates in more than twenty countries around the world. Its key people are CEO Igor Sechin and Chairman Gerhard Schroder.

Contact Information

Address: Moscow, 115035, Russian Federation

Phone: +7-499-5178899

Fax: 499-5177235

Web: www.rosneft.ru

Rosneft (ROSN) Shareholders Information

On July 14, 2006, Rosneft completed the largest IPO to date in Russia and the fifth largest ever worldwide: a total of 1,411 million shares were placed, including 1,126 million held by OJSC Rosneftegaz and 285 million newly issued shares. Up until 2006, before the launch of its Initial Public Offering (IPO), the enterprise’s shares were owned by the Russian government through its holding company JSC Rosneftegaz.

Now, according to official data released by the company, authorized capital of Rosneft is RUB 105,981,778.17 and is divided into 10,598,177,817 ordinary shares with par value of RUB 0.01. The shares are traded on Moscow Stock Exchange (MCX: ROSN) and the complete information regarding the rights granted by Rosneft ordinary shares can be found in Article 5.8 of the Company’s Charter. In July 2006, the company carried out listing of Global Depositary Receipts (GDRs) on the London Stock Exchange (LSE: ROSN) and as of August 1, 2019, GDRs were issued for 593 million ordinary shares, accounting for 5.6% of total shares.

Brief History

The Founding and the Financial Struggles

Rosneft was founded in 1993 as a government-owned enterprise, managing assets that were previously owned by Rosneftegaz. Two years later, after the Order of the Government of Russia No. 971, Rosneft became an open joint-stock company. The following years, especially between 1998 and the 90’s, the enterprise struggled both financially and operationally burdened by the Russian Financial Crisis, a fierce competition and an extremely decreased production.

The Resurgence and Expansion

In the 2000’s, Rosneft made its comeback with a new list of objectives and acquisitions. In 2002, it purchased the Krasnodar Oil and Gas Company and received a license to develop the Sakhalin-V project. One year later, it acquired the Northern Oil Company and received the license for the development of the Sakhalin-III project. In a matter of years, Rosneft became the leading oil company of Russia in terms of production and in 2007 – it produced 100 million barrels of oil, accounting for 20% of Russia’s output at the time.

Production

In 2016, the company hit another milestone, as it set another record in hydrocarbon production, having recovered over 265 million ton of oil equivalent, 4.3% above the 2015 level; while liquid hydrocarbon production amounted to 210.0 million tons. The enterprise is also one of the largest independent gas producers in Russia, as its total gas production was 12.3 bcm in 2010 and the leader of Russian oil refining, with 13 large oil refineries located in key regions within the country and active ownership in oil refining assets from Belarus, India, Germany, and Ukraine.

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