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Rosneft's Profit Plummets 70% Amid Weak Oil Prices

12/2/2025

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Summary

Story summary

Rosneft, Russia's largest oil producer, reported a 70% drop in net profit for the first three quarters of 2025, earning 277 billion rubles ($3.6 billion) compared to 926 billion rubles ($11.9 billion) in 2024.
Revenue decreased by 18% to 6.28 trillion rubles ($80.8 billion), and EBITDA fell 29% to 1.64 trillion rubles ($21 billion).
The profit decline resulted from weak oil prices, increased discounts on Russian crude, new sanctions, and a stronger ruble.
Analysts expressed concerns about transparency due to the absence of cash flow data in the report.

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Story summary

Rosneft, Russia's largest oil producer, reported a 70% drop in net profit for the first three quarters of 2025, earning 277 billion rubles ($3.6 billion) compared to 926 billion rubles ($11.9 billion) in 2024.
Revenue decreased by 18% to 6.28 trillion rubles ($80.8 billion), and EBITDA fell 29% to 1.64 trillion rubles ($21 billion).
The profit decline resulted from weak oil prices, increased discounts on Russian crude, new sanctions, and a stronger ruble.
Analysts expressed concerns about transparency due to the absence of cash flow data in the report.