SKU: 438
Author: Wood Mackenzie

Company Report 17 November 2022

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Report summary

Rosneft is operating in an entirely new environment following Russia’s invasion of Ukraine. International IOCs were quick to end partnerships with Rosneft. BP was the most significant investor to announce exit plans, with a 19.75% equity stake in Rosneft along with interest in several JVs; Equinor also exited its operations in Russia; and ExxonMobil’s interest in Sakhalin-1 has been expropriated following a state decree. But the company remains the world’s second largest oil producer and most recent reported results confirm that the company continues to deliver solid operating and financial performance: reported production was 4.85 million boe/d in H1 2022, only 1% below full-year 2021 production of 4.9 million boe/d.

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