Chemicals

In 2021, Rosneft grew sixfold

Russian gas producer Rosneft has reported net income of $ 11.9 billion (883 billion rubles) owned by its shareholders in 2021, making it the highest profit ever recorded by the company.

Net income in 2021 has grown more than sixfold from $ 2 billion (132 billion rubles) in 2020 and is linked to rising oil and gas prices as energy demand recovers after the Covid-19 pandemic.

For the whole of 2021, the company’s EBITDA amounted to 31.7 billion dollars (2,330 billion rubles), which is almost double compared to 17.2 billion dollars (1,209 billion rubles) earned in the previous year.

Revenue for the full year rose to $ 121.1 billion in 2021 from $ 83.1 billion the previous year.

In 2021, the company reported a free cash flow of $ 14.3 billion (1,044 billion rubles), an increase of almost 2.5 times from $ 6.2 billion in 2020.

In the 4th quarter of 2021, revenue was $ 35.2 billion compared to $ 20.6 billion in the same quarter a year ago.

The company’s net income was $ 2.5 billion last quarter compared to $ 4.3 billion last quarter. 4th quarter of 2020.

Igor Sechin, Chairman of the Board and CEO of Rosneft, said: “At the end of 2021, the company’s board of directors approved the strategy of Rosneft 2030: Reliable Energy and Global Energy Transition,” which takes into account current climate trends. agenda.

“Against the backdrop of the global economic recovery, the company has set new financial records in 2021.

“Consistently working on one of the key goals of the company’s updated strategy, strengthening leadership in the unit’s upstream operating costs, management has already in 2021 achieved a reduction to $ 2.7 per barrel, which is 3.6% below 2020 levels. . This is the lowest level in the last five years. “

Rosneft, in which BP owns 19.75% of the stock, also reported a drop in net financial debt and trade liabilities of $ 5.5 billion since early 2021.

In December 2021 Rosneft has approved a strategy to reduce emissions reach zero emissions by 2050

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