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Rosneft Oil Company PJSC is a leader in the Russian oil industry and one of the world's largest public production companies. Rosneft operates in all of Russia's major oil and gas provinces, including West and East Siberia, the Volga region, the Urals, the Far East, the Timan-Pechora Basin, the Krasnodar Territory, and the offshore areas of the Russian Federation.
For many years, Rosneft has remained the largest taxpayer in the Russian Federation, leading the way in generating revenue for the federal budget and supporting the country's socio-economic development. The Company's contribution to the budget is derived not only from direct resource-related taxes (MET and EPT), but also from other fiscal payments – corporation tax, excise duties on petroleum products, property taxes, as well as a wide range of revenues from related sectors.
Exploration
Rosneft is the global leader in hydrocarbon reserves among publicly listed oil and gas companies.
The Company conducts exploration activities in all subsoil use regions of the Russian Federation, including the Far East, East and West Siberia,
Central Russia, the Timan-Pechora Basin and Southern Russia.
The figures for geological exploration clearly demonstrate Rosneft's leading position in effectively developing its resource base. In 2025, six new fields and 112 new deposits were discovered, while hydrocarbon reserves,
according to the Russian classification, rose to 21.7 billion tonnes of oil equivalent. The production replacement ratio, based on the international classification of reserves, reached 122%, with the Company having sufficient reserves to last for almost half a century.
In 2025, Rosneft conducted 1,200 linear
kilometres of 2D seismic surveys and 3,700 square kilometres of 3D seismic surveys onshore in the Russian Federation. A total of 49 exploration wells have been tested, with a 90% success rate.
The Company is the largest subsoil user in the Russian shelf. Rosneft is implementing a large-scale offshore exploration programme, delivering consistently beyond its license commitments on an annual basis.
Production and Development
Rosneft is the largest oil production company in the Russian Federation.
As of the end of 2025, the Company's hydrocarbon production had reached 246.6 million tonnes of oil equivalent. Liquid hydrocarbon production reached 181.1 million tonnes, whilst gas production stood at 79.6 billion cubic metres.
In 2025, production drilling exceeded 11.8 million metres, and approximately 3,000 new wells were brought into production, 74% of which were horizontal.
Refining and Petrochemicals
Rosneft Oil Company PJSC is the Russian oil refining industry leader. In 2025, the Company processed 75.7 million tonnes of crude oil.
Rosneft is a market leader within the domestic petrochemical industry for catalysts. The Company's plants produce products that are comparable to the world's best ones and even outperform them by some parameters.
Since 2020, Rosneft Oil Company has ceased to import catalysts and has transitioned to utilising its own in-house hydrotreating and hydrocracking catalysts. Therefore, a key strategic objective concerning the reduction of the domestic oil refining industry's reliance on imported catalysts has been successfully achieved.
In 2025, the Company produced over 2,200 tonnes of diesel fuel hydrotreating catalysts and protective layer catalysts, 140 tonnes of reforming catalysts, and over 250 tonnes of catalysts and adsorbents for hydrogen production plants.
Fuel Supplies and Retail Sales
Ensuring a stable supply of high-quality motor fuel to Russian consumers is one of Rosneft's key priorities.
In 2025, the Company sold 40.3 million tonnes of petroleum products on the domestic market, including 12.3 million tonnes of gasoline and 16.4 million tonnes of diesel fuel.
Rosneft is an active trading participant on the St Petersburg International Mercantile Exchange (SPIMEX JSC). In 2025, the Company sold 9.4 million tonnes of gasoline and diesel fuel on the exchange, exceeding 30% of total exchange sales of these petroleum products.
The Rosneft filling station brand is one of the leaders in Russia in terms of recognition and fuel quality. The Company's retail business is currently present in 62 Russian regions. Rosneft operates around 3,000 filling stations.
There are shops, cafés, pharmacies, parcel lockers and dry-cleaning machines at filling stations. The Company is also developing a new area of filling station customer service: food trucks (mobile retail outlets).
Rosneft is implementing a programme to roll out compressed natural gas (CNG) filling stations. By the end of 2025, the Company's gas filling infrastructure consists of 37 sites across 14 Russian regions.
The Company is equipping its filling stations with charging infrastructure for electric vehicles. By the end of 2025, 82 electric vehicle charging points have been installed at Rosneft filling stations across 12 regions, including Moscow, the Moscow Region, St Petersburg, the Leningrad Region, the Lipetsk Region, the Voronezh Region, the Republic of Buryatia, the Krasnodar and Zabaykalsky Territories, and the Tver, Kemerovo and Tula Regions.
Sustainable Development (ESG)
Rosneft's strategy stands upon the idea of a business that takes into account the highest requirements of ecology, industrial safety and environmental protection.
The Company's Board has approved the Rosneft-2030 development strategy. The strategy priorities are operational leadership, efficiency increase and sustainable development.
Rosneft directly contributes to the achievement of the 17 UN Sustainable Development Goals through its core business activities and by supporting various projects and initiatives. These initiatives are focused on improving the quality of life in the regions where the Company operates, as well as advancing healthcare, science, education, culture and environmental protection.
In 2025, Rosneft confirmed its leading sustainable development position within the Russian and international oil and gas industry.
As part of its assessment of the world's 2,000 largest companies, the World Benchmarking Alliance (WBA) has recognised Rosneft as the leading Russian oil and gas company in four rankings. These rankings focus on key areas of corporate responsibility, including a fair energy transition, social initiatives and gender equality.
The largest international investment and consulting agency, Institutional Shareholder Services (ISS), has also awarded Rosneft a high rating for its activities in the field of environmental protection, including the Company in the top group for environmental rating. RAEX, Russia's largest non-credit rating agency, has awarded Rosneft an AA ESG rating, the highest possible score.
Following its annual review, the Moscow exchange included the Company's shares in the calculation bases of three new sustainability indices: the Climate Sustainability Index for Non-Financial Companies, the Moscow Exchange-RAEX ESG Balanced Index and the Moscow Exchange-RUIE Index Group.
Science and Innovations
Rosneft is a leader in the innovative change of the Russian oil and gas industry.
In line with the long-term objectives outlined by the Russian President, Rosneft is establishing a solid foundation for technological sovereignty in the oil and gas sector, making a substantial contribution to import substitution and reducing reliance on
foreign solutions. The Company is expanding its own expertise and implementing research institute developments. The enterprises use domestic equipment that is comparable to, and even outperforms, its best imported counterparts in a number of areas.
Domestic innovations are being successfully developed and implemented at Rosneft's enterprises: Russian drilling rigs are currently in operation at the Vostok Oil project's fields, and energy-efficient domestic pumping equipment is being used in production. As the Company develops its own expertise, it is also raising the bar for oil recovery using its unique Rosneft Tiger Frac hydraulic fracturing technology.
The Company has an Innovation Development Programme in place, which is focused on achieving its priority goals and addressing issues of efficiency, sustainable development, transparency, social responsibility and innovation.
In 2025, Rosneft continued its systematic efforts to implement the results of its R&D and to secure its intellectual property rights. The Company filed 69 applications for intellectual property rights and was granted 74 patents, and as of the end of 2025, Rosneft held 1,178 patents for innovative developments.
Environmental Protection
Rosneft is committed to environmental protection, conservation and the restoration of natural resources.
The Company is steadily increasing its investment in environmental protection measures and reducing its greenhouse gas emissions. In 2025, Rosneft’s green investments reached 77 billion roubles. Over the past three years, the investments have exceeded 215 billion roubles.
In 2025, the Company approved a corporate programme to reduce industrial emissions as part of efforts to support the achievement of the Russian Federation's national development goals and the Clean Air federal project. The programme covers 41 of the Company's sites in 13 cities. The Company carries out monitoring to assess atmospheric air quality at the boundaries of the sanitary protection zones surrounding its facilities, using both fixed monitoring stations and mobile environmental laboratories.
Rosneft's enterprises are actively engaged in reforestation work: in 2025 alone, nearly 8 million tree saplings were planted across the country, and around 46 million over the past five years.
The Company is continuing its systematic work on the restocking of aquatic biological resources, expanding the geographical scope of its activities and the range of species being restocked. In 2025, Rosneft's enterprises released 19.4 million fish fry (including larvae) into water bodies.
A key focus of Rosneft's environmental policy is the development of a standard corporate programme for the conservation of biodiversity across all regions where the Company operates, which takes into account the requirements of Russian legislation and international best practice.
Rosneft operates in the Arctic, one of the most remote regions, with a particular focus on preserving its unique natural environment.
In July 2012, Rosneft deployed two research vessels to the northern seas for the first time to study the trade winds blowing from Novaya Zemlya. This expedition marked the launch of the most extensive Arctic research programme in recent history. Over the years, Rosneft has already conducted 64 comprehensive expeditions, many of which are unique.
In 2024, Rosneft launched Tamura, a new biodiversity conservation programme. It aims to update information on the status of the region's key animal species, including the bioindicators. By 2027, research is planned for reindeer, polar bear, valuable bird species, and fish in the Taymyr Peninsula at the mouth of the Yenisey River. There will be ten expeditions in total over four years.
Information on animal populations will allow scientists to draw conclusions about the state of their habitats and to develop measures to conserve biodiversity in the Arctic region.
Rosneft provides support for projects that are focused on increasing the population of Amur tigers, conserving the Przewalski's horse, and studying grey whales in the Okhotsk Sea region.
Rosneft is committed to the well-being of polar bears in all zoos across the country. The company invests in the construction of new enclosures, ensuring that the bears' living conditions are as comfortable as possible and closely resemble their natural habitat.
Social Responsibility
The Company's subsidiaries frequently act as city-shaping businesses, taking on responsibilities such as enhancing streets and roads, constructing bridges, repairing engineering and transportation systems, providing power and heat supply services, and replacing equipment.
Rosneft implements dozens of projects related to healthcare support and medical development. Significant funds have been allocated for the construction, renovation, and reconstruction of healthcare facilities, such as hospitals, clinics, and polyclinics. This includes improving their material and technical resources by purchasing the latest medical and diagnostic equipment.
Key projects in this area include opening a multidisciplinary medical center in Gelendzhik, building a new children's hospital in Saratov, and creating a comprehensive emergency response system for emergency medical care in the Far North.
In 2025, Syzran Central City Hospital received state-of-the-art equipment for its paediatric surgery and perinatal centre with the support of Rosneft. The Company provided support for the purchase of video-endoscopy and laparoscopy equipment for the State Budgetary Healthcare Institution of the Republic of Bashkortostan “Ufa Emergency Clinical Hospital” in the Republic of Bashkortostan.
The Platform of Good Deeds corporate volunteering programme is being actively developed: in 2025, over 108,000 of the Company's employees participated in the programme, organising almost 1,700 events.
Rosneft's corporate volunteering programme engages employees, their families and partners in social, environmental, humanitarian and educational initiatives. Volunteering projects contribute to tackling key challenges in the regions where the Company operates, whilst at the same time strengthening internal corporate ties, a culture of participation and mutual support. In 2025, the programme centred on initiatives commemorating the 80th anniversary of Victory in the Great Patriotic War.
The support of sports is also a key priority for both the social policy of Rosneft and its subsidiaries. The Company funds the construction of ice arenas, sports complexes and multi-purpose sports grounds in the regions of its operations.
The Company runs a sports and wellness programme called “Energy of Life”, in which employees regularly participate and compete in various sports disciplines. In 2025, the total number of programme participants reached 134,000 workers, representing a 5.5% increase on the previous year. In addition, over 96,000 employees and 21,500 of their family members participated in various competitions.
The Company also supports professional sports. Rosneft owns the CSKA ice hockey club, provides funding for the Arsenal (Tula) football club, sponsors the LADA Sport ROSNEFT racing team, supports Russian sambo athletes and helps to implement various regional programmes for the development of sport.
Rosneft actively participates in significant events and phenomena of Russian cultural life. The Company allocates funds to projects that shape the country's cultural landscape, influence national identity and foster an appreciation of high culture within society.
As part of a long-standing partnership with the State Hermitage Museum, the revamped permanent “Culture and Art of China” exhibition, covering the period from antiquity to the 20th century, opened in 2025. In addition, the first two galleries of the new permanent “Art of the Art Nouveau Era” exhibition have opened at the State Hermitage Museum's Headquarters, sponsored by the Company.
In 2025, Rosneft provided sponsorship for exhibition projects organised by the Jewish Museum and Centre for Tolerance, including the exhibition “Joseph Brodsky: A Place No Worse Than Any Other” and the exhibition “Lyuba, Lyubochka: Lyubov Sergeyevna Popova, 1889–1924”.
In celebration of the 80th anniversary of Victory in the Great Patriotic War, Rosneft organised a series of events with the objective of safeguarding the historical memory of the valiant actions of those who fought on the front lines. The Company held national and regional roadshows and concerts featuring patriotic repertoire, developed tourist itineraries to places of historical significance, and organised the creation of murals, museum displays and photographic exhibitions to mark the anniversary of the Great Victory.
With the support of Rosneft, the Sretensky Monastery Choir undertook a major tour of cities across the country, performing a programme entitled “Dedicated to the Great Victory”. The choir performed in 23 towns and cities across the regions in which the Company operates.
The financial support provided by the Company enabled the premieres of ice shows by Tatiana Navka, entitled “Cinderella” and “The Nutcracker”, to take place at the Megasport Sports Palace in Moscow.
Rosneft organises Russian cultural events in friendly countries, contributing to fostering international cultural relations and promoting Russia's rich cultural heritage.
With the support of Rosneft, the exhibitions of People's Artist of Russia Nikas Safronov were met with great success in India. The immersive Dream Vision project was presented at the country's two largest cultural centres – in New Delhi and Mumbai.
In 2025, the Company provided financial support to the Sretensky Monastery in Moscow and the Sretensky Theological Academy. Thanks to Rosneft's involvement, the monastery has been provided with modern energy, telecommunications and domestic infrastructure. It has also been made possible to publish Orthodox literature – books from the New Testament – with a view to educating people and preserving spiritual values. Rosneft has been supporting the Sretensky Monastery since 2011.
The Company provided support for restoration work conducted in 2025 at the St John's Monastery in St Petersburg, which was founded by St John of Kronstadt in the early 20th century. The monastery's primary building has undergone a series of repair and restoration works, including the dismantling of old structures, the completion of rooms, the laying of floor coverings and the installation of technical systems.