US EditionRussia's Rosneft Net Income Plummets 68%, Reuters Reports
12 Articles
12 Articles
The profits of Rosneft have collapsed by several billion euros. For CEO Igor Setschin there is a clear culprit.
Russia’s Rosneft profit plunges 68% in first half of 2025 amid sanctions, high rates and tariff pressures
Rosneft’s net profit for the first half of 2025 fell by 68.3% compared with the same period last year. CEO Igor Sechin linked the decline to sanctions, a high benchmark interest rate, and what he called “excessive” indexation of regulated tariffs, the company said in a press release. In a statement published by the company, Sechin said the first half of 2025 was marked by an overall decline in oil prices. He cited increased output by OPEC member…
Rosneft's earnings fell by more than 68 percent in the first half of the year. Head of the Group Setschin explains the collapse with production increases in the Opec countries.
The main reason was named.
The net profit of the state-owned company Rosneft fell by more than 68% in the first half of this year, to $3 billion. The main reason was the increase in oil production by OPEC countries. This was stated by the company's CEO Igor Sechin, RBC-Ukraine reports with reference to Reuters. "The first half of the year was characterized by a decrease in oil prices, mainly due to overproduction of oil. The main reason is the active increase in productio…
Coverage Details
Bias Distribution
- 75% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
