Rosneft

Rosneft Oil (Russian: Роснефть, romanized: Rosneft', IPA: [ˌrosˈnʲeftʲ] stylized as ROSNEFT) is a Russian public joint-stock company (PJSC) integrated energy company based in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, sale of petroleum, natural gas, and petroleum products. Russian state-owned Rosneftegaz is the parent company. Its name is a portmanteau of the Russian words Rossiyskaya neft (Russian: Российская нефть, lit. 'Russian oil'). Rosneft was founded in 1993 as a state enterprise and then incorporated in 1995, acquiring many state-controlled gas and oil assets. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. After acquiring OJSC TNK-BP in 2013, one of the largest oil companies in Russia, Rosneft, became the world's largest publicly traded petroleum company. Rosneft is the second largest Russian company and state-controlled company in Russia in terms of revenue (₽4,134 billion). Internationally, it is one of the largest oil companies, ranking 24 in terms of revenue. In the 2020 Forbes Global 2000, Rosneft was ranked as the 53rd-largest public company in the world. The company operates in more than 20 countries around the world. In 2024, ROSNEFT was responsible for 690 Mt of CO2 emissions, which was 1.79% of global CO2 emissions.