Rosneft Net Income Plummets 73% Amidst High Taxes and Shifting Global Oil Landscape
In 2025, Rosneft experienced a significant 73% drop in net income to 293 billion rubles, largely attributed to a confluence of high taxes, interest rates, and unfavorable market and geopolitical conditions. Sanctions imposed by the U.S., coupled with increased logistics costs and a strong ruble, further exacerbated financial pressures. Despite a global energy price spike following the U.S.-Iran war and the closure of the Strait of Hormuz, the company noted that these gains were largely offset by escalating freight, insurance, and currency conversion expenses.
John Q. Hosedrinker