The Russian state-owned oil company Rosneft has released its 2022 results, posting a net profit of RUB813bn (US$10.5bn, -7.9% compared to 2021). The group produced 5.1 mboe/d of hydrocarbon in 2022 (+2.3%), including 74.4 bcm of natural gas (+15%). Rosneft processed 94.4 Mt of oil in 2022 and its domestic petroleum product sales rose by 6% to 42.1 Mt.
In 2021, Rosneft accounted for about 40% of Russia’s oil production and 20% of its gas output. Russia was the world’s second largest oil and gas producer after the United States in 2021.