Russian state-run oil giant Rosneft saw its first-quarter 2023 net profit rise by over 45% to around $4 billion, beating analyst expectations as production increases despite Moscow’s 500,000 barrel-per-day output cuts that started three months ago. In addition to a 45.5% jump in net profit, Rosneft, headed by Igor Sechin, said it saw EBITDA rise for the quarter by 25.1%, though revenue was down 1.1%. Analyst expectations based on Interfax polling were lower for net profit, revenue and EBITDA.Rosneft noted that Q1 oil production increased…
Hence then, the article about rosneft q1 profit soars as russian oil output cuts remain invisible was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Rosneft Q1 Profit Soars As Russian Oil Output Cuts Remain Invisible )