1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Rosneft Oil Company
  6. News
  7. Summary
    ROSN   US67812M2070


Delayed London Stock Exchange  -  03/03 02:00:00 am EST
0.6018 USD    0.00%
05/25Equinor Completes Deals to Sell Four JVs in Russia to Rosneft
05/23Alcmene Says Ready for Takeover of Rosneft's Refinery In Germany
05/23Rosneft Announces Resignation of Karin Kneissl as A Member of the Oil Company's Board of Directors
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Rosneft Oil : and SPIMEX sign an agreement on cooperation in the development of exchange trading in carbon units

01/18/2022 | 07:45am EDT

Rosneft and St. Petersburg International Mercantile Exchange (SPIMEX) signed a Cooperation Agreement. The document was signed by Rosneft Chief Executive Officer Igor Sechin and SPIMEX President Alexei Rybnikov.

The Agreement provides for cooperation between the parties in the area of carbon management and development of exchange trade in carbon units resulting from the implementation by Rosneft of projects to reduce greenhouse gas emissions.

As part of cooperation, the Company and SPIMEX will explore an opportunity of holding test auctions of Rosneft carbon units. The Agreement provides for development and introduction of new tools for exchange trading in low-carbon oil and petroleum products. In addition, the Company and the Exchange will work together to create a Russian benchmark for hydrocarbons (oil, petroleum products, natural gas, LNG) with low carbon intensity.

The Agreement will help achieve the Net Zero goal by 2050, which is enshrined in the new strategy Rosneft-2030. The Company highly appreciates the prospects of the carbon market and intends to actively participate in the development of the Russian exchange trading mechanism.


Rosneft is a member of the UN Global Compact, thus confirming its commitment to the highest principles of sustainable development. Detailed information about Rosneft's ESG activities is published annually in its sustainability reports.

In December 2021, the Company presented a new development strategy - "Rosneft-2030: Reliable Energy and the Global Energy Transition", which takes into account current trends related to the climate agenda and the global energy transition, as well as the need for reliable supplies of affordable and clean energy. As part of the Strategy, Rosneft aims to achieve Net Zero by 2050 for Scope 1 and Scope 2 emissions. This goal will be achieved through implementing a number of strategic initiatives, including: reduction of greenhouse gas emissions, achieving zero routine flaring of associated petroleum gas and reducing the intensity of methane emissions to less than 0.2% by 2030, gradual conversion of the Company's own vehicles to low-carbon fuels, etc.

The Company is developing cooperation with foreign partners in the area of carbon management and sustainable development. Rosneft has cooperation agreements in place with BP, Baker Hughes, ExxonMobil, Equinor, and the Japanese Ministry of Economy, Trade and Industry (METI) to support its long-term emission reduction goals.

The global investment community, which views socially responsible investing as a long-term trend, highly commends the Company's activity. In 2021, Rosneft became the only Russian oil and gas corporation to be recognized as a leader in sustainable development and included in the Global Compact LEAD initiative for its lasting commitment to the UN Global Compact and the Ten Principles of Responsible Business.

FTSE Russell, a division of the London Stock Exchange, confirmed that Rosneft is included in the FTSE4Good Index Series. Rosneft was recognized as the best Russian oil and gas company in a number of international ESG ratings - RAEX-Europe, Bloomberg. The Company became one of the leaders among global oil and gas companies taking part in the international CDP (Carbon Disclosure Project) climate rating. Following an independent assessment, Rosneft was assigned a category "B" rating, which is a level higher than the average global climate rating of the participants.

St. Petersburg International Mercantile Exchange (SPIMEX) is the largest commodity exchange in Russia and organizes exchange trading in the markets of petroleum products, oil, gas, LPG, timber and construction materials, mineral fertilizers, as well as in the futures market. SPIMEX is aimed at creating a transparent pricing mechanism for Russian commodities. The exchange was founded inMay 2008.

Rosneft Department of Information and Advertising
January 18, 2021

These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information constitutes a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We do not undertake any obligation to update the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.


OJSC Oil Company Rosneft published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 12:44:01 UTC.

© Publicnow 2022
05/25Equinor Completes Deals to Sell Four JVs in Russia to Rosneft
05/23Alcmene Says Ready for Takeover of Rosneft's Refinery In Germany
05/23Rosneft Announces Resignation of Karin Kneissl as A Member of the Oil Company's Board o..
05/20Rosneft Chair Accedes to Pressure to Relinquish Post Amid Putin Ties
05/16Germany To Continue Russian Oil Ban By 2022-end, Seeks Alternate Suppliers
05/06Rosneft Sells Oil Loading from Baltic Ports to India's IOC
05/03Shell Vow to Support German Schwedt Refinery in Case of Supply Issues, Local Minister S..
05/03Russian Exit Drives Oil Giant BP to $20.4 Billion Loss in First Quarter
05/03BP Swings to $20.4 Billion Loss in Q1 on Impairment Charges
05/03BP Swings to $20.4 Billion Loss in Q1 on Impairment Charges
More news
Financials (USD)
Sales 2022 142 B - -
Net income 2022 21 218 M - -
Net Debt 2022 47 264 M - -
P/E ratio 2022 0,38x
Yield 2022 94,9%
Capitalization 5 717 M 5 717 M -
EV / Sales 2022 0,37x
EV / Sales 2023 0,36x
Nbr of Employees 335 000
Free-Float 11,8%
Duration : Period :
Rosneft Oil Company Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Mean consensus BUY
Number of Analysts 4
Last Close Price 0,60 $
Average target price 9,57 $
Spread / Average Target 1 490%
EPS Revisions
Managers and Directors
Igor Ivanovich Sechin Deputy Chairman, President & CEO
Petr Ivanovich Lazarev Finance Director
Gerhard Schroeder Chairman
Artur Matthias Warnig Deputy Chairman
Hans-Jörg Rudloff Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SHELL PLC45.89%221 379
EQUINOR ASA43.54%113 341