Rosneft Profits Plunge 68% as Oil Oversupply and Sanctions Pressure H1 Results

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Rosneft, the largest Russian oil company, obtained in the first half of 2025 a net profit of 245 billion rubles ($3.076 million), 68.3% less than during the same period of the previous year, indicated the company in its semi-annual report. "The first semester of the current year was characterized by a reduction in oil prices, primarily due to an excess of production," explained Rosneft's CEO, Igor Sechin, quoted in the report. The Russian busine…