Russia’s largest oil firm, Rosneft, noticed its web revenue fall by 14.4% in 2024, in accordance with its monetary outcomes launched Thursday.
The firm’s web revenue fell to 1.08 trillion rubles ($12.71 billion) from roughly $14.7 billion the earlier 12 months.
Rosneft’s revenues from gross sales and fairness share in income of associates and joint ventures rose 10.7% in the identical interval, reaching $119.3 billion.
The firm produced 184 million tons of oil and 87.5 billion cubic meters of pure gasoline final 12 months.
“In the reporting year, the company operated against the backdrop of an oil production cap under the OPEC+ agreement, increased taxation, natural monopolies tariff rises outstripping inflation, incremental anti-terrorist security costs, growing sanctions pressure and unprecedented interest rates increases,” mentioned Rosneft’s CEO Igor Sechin.
“The net income attributable to the company’s shareholders is lower as compared to the previous year due to the impact of non-cash factors, the main one being the revaluation of tax liabilities due to the income tax rate increase to 25% from 2025,” he added.
Source: www.anews.com.tr