Rosneft’s net profit according to IFRS for the third quarter amounted to 467 billion rubles
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Rosneft’s net profit according to international financial reporting standards (IFRS) for the third quarter amounted to 467 billion rubles. This is stated in reporting companies.
At the same time, over nine months, the net profit of Rosneft shareholders increased 1.8 times in annual terms, to 1.071 trillion rubles. This is due to EBITDA growth.
Revenue from January to September amounted to 6.612 trillion rubles. This is 8.2% lower than the same period last year due to lower oil prices. For the third quarter, revenue increased by 33.3% compared to the previous quarter, to RUB 2.732 trillion.
EBITDA for nine months increased by 19.3%, to RUB 2.403 trillion. In the third quarter, EBITDA reached RUB 1.002 trillion. Specific costs for hydrocarbon production for the quarter amounted to $2.5 per barrel of oil equivalent.
The company’s capital expenditures since the beginning of the year amounted to RUB 909 billion, or 10.6% higher in annual terms due to planned work in the Exploration and Production segment. For the third quarter, the figure amounted to 310 billion rubles.
Free cash flow since the beginning of the year has grown by 50.1%, to RUB 1.157 trillion, of which RUB 723 billion. occurred in the last quarter.
Since the beginning of the year, Rosneft’s production of liquid hydrocarbons has increased by 3.9%, to 4 million barrels per day. This is due to the resumption of production at the Sakhalin-1 project. Gas production increased by 33%, to 1.5 million barrels of oil equivalent per day.
Due to restrictions on oil production since March this year, liquid hydrocarbon production in the third quarter amounted to 3.9 million barrels per day. Gas production since the beginning of the year has increased by 33% compared to the same period last year, to 1.5 million barrels of oil equivalent per day.
November 15 Board of Directors of Rosneft recommended pay dividends for the nine months of 2023 in the amount of 30.77 rubles. per share. It is recommended to allocate at least 50% of net profit under IFRS for the first half of 2023 for the payment of dividends. The net profit of shareholders for this period amounted to 652 billion rubles.
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