Rosneft’s Unit Production Costs for Hydrocarbons in Q1 Amounted to $3 per Barrel
Rosneft’s unit operating costs for hydrocarbon production in the first quarter of 2025 amounted to $3 per barrel of oil equivalent, according to Rosneft CEO Igor Sechin, as reported in the company’s statement.
“Cost control remains our constant priority — in Q1 2025, unit production costs for hydrocarbons amounted to $3/boe, which meets our strategic goal,” he said.
At the same time, Sechin noted that the company’s net profit in the first quarter of 2025 increased compared to the previous quarter, but decreased year-on-year due to an increase in the key interest rate.
“Interest expenses on loans and borrowings increased 1.8 times year-on-year,” he added.
Sechin also emphasized that protecting the interests of Rosneft’s shareholders remains the company’s top priority.
“On April 25, the Board of Directors recommended that the General Meeting of Shareholders approve a final dividend of 14.68 rubles per share. Thus, the total dividend per share for last year’s results will be 51.15 rubles per share,” the CEO reminded.
