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Mar 20, 2023 · During 2022, the PSER-1 process safety event rate improved by 30% (compared to the 2021 baseline). Rosneft strives to achieve zero accidents by 2030 or earlier. In 2022, Rosneft remediated 149 hectares of legacy polluted land under the Program for the liquidation of the environmental legacy.
Sep 15, 2022 · Rosneft Oil Company releases 1H 2022 results prepared in accordance with International Financial Reporting Standards (IFRS). 1 Calculations based on average monthly Central Bank of Russia exchange rates. Commenting on the Company’s 1H 2022 results, Rosneft’s Chairman of the Management Board and Chief Executive Officer Igor Sechin said:
Rosneft Oil Company held an Extraordinary General Shareholders Meeting in the form of absentee voting on December 23. ROSNEFT’S 9M 2022 IFRS RESULTS.
Dec 7, 2022 · As a result, in the first nine months of 2022 the Company increased hydrocarbon production and successfully optimized distribution channels: oil supplies to Asia grew by about a third and fully compensated for the decline in supplies to European buyers.
- Igor SECHIN
- Rosneft operations
- Reliable energy and global energy transition strategy
- 2.8 mmt of СО2-equiv.
- 0.9 mmt of СО2-equiv.
- KPI structure
- KPI PROGRESS
- Consolidated business plan
- Business plans of Group Subsidiaries
- THE KPI SYSTEM ENSURES:
- THE KPI SYSTEM IS AIMED AT:
- OUR INVESTMENT ACTIVITIES HELP US ENSURE COMMITMENT TO THE FOLLOWING STRATEGIC PRIORITIES:
- DELEGATING: INVESTMENT DECISION-MAKING HIERARCHY
- Functional
- DAILY HYDROCARBON
- Contractor relations
- Key corporate governance principles and improvements in 2022
- Innovation and global leadership
- Favourable environment for sustainable growth
- Protection of shareholders and key stakeholders
- Governance and control structure
- Board of Directors
- Executive bodies
- General Shareholders Meeting
- Board of Directors
- Audit Committee
- HR and Remuneration Committee
- Strategy and Sustainable Development Committee
- Executive bodies (Chief Executive Officer and Management Board)
- Coordinating and consultative bodies
- Corporate Secretary
- External auditor
- Audit Commission
- Risk Management and Internal Control System
- Methodological guidelines
- KEY PRINCIPLES
- operating principles
- RM&ICS stakeholders
- Board of Directors and Audit Committee of the Board of Directors
- Chief Executive Officer
- Risk Management Committee
- Management
- Risk and Internal Control Methodology Department
- Security Service
- Business Units Providing Certain RM&ICS Functions
- Employees
- Internal Audit Service
- Audit Commission
- RM&ICS enhancement
- RM&ICS enhancement highlights for 2022
- Internal Control System
- KEY COMPONENTS OF THE CORPORATE-WIDE RISK MANAGEMENT SYSTEM (CWRMS)
- CWRMS
- Risk management process
- INDUSTRY-WIDE RISKS
- FINANCIAL RISKS
- LEGAL RISKS
- CHANGES IN LEGISLATION AND REGULATORY ENVIRONMENT
- Financial and economic performance
- Health, safety, environment
- Corporate governance
- Corporate governance ● Cyber security
- Reporting and accountability lines of internal audit
- Functional units of Rosneft’s Internal Audit Service are mainly responsible for:
- Shareholder relations, key events in 2022
- Shareholder rights guaranteed by law
- Additional rights guaranteed by the Company’s Charter and internal regulations
- Independent and professional Board of Directors
- Shareholder’s Personal Account
- Regulation
- Corporate Secretary
- Dividend Policy
- In 2022,
- THIS ANNUAL REPORT HAS BEEN PREPARED BASED ON THE FOLLOWING LOCAL (INTERNAL) REGULATIONS OF ROSNEFT:
Chief Executive Officer and Chairman of the Management Board
Rosneft is Russia’s leading petroleum company in terms of launching new projects. Rosneft is the largest refiner in Russia. Production assets
Higher efficiency Operational leadership Lower carbon footprint Strategic objectives and priorities
reduction in emissions as part of green power purchases
reduction in emissions as part of the Energy Saving Programme STRATEGIC TARGETS
The Company’s KPI system seeks to decompose the Company’ Development Strategy and its Long-Term Development Programme into specific KPIs, cascade them to all management levels, evaluate progress against targets, and create incentives for efficient management decision-making. A strong motivation tool for employees, KPIs ensure a step-by-step achieve...
Long-Term Development Programme The Company’s Strategy
Corporate KPIs Individual KPIs of the Chief Executive Officer Bonus disqualification (blocking) indicators Business plans of business units ● Bonus disqualification (blocking) indicators set for heads and employees of business units ● Individual KPIs of the Company’s top managers responsible for the performance of businesses
Collective KPIs of Group Subsidiaries Individual KPIs of Group Subsidiaries’ senior management Bonus disqualification (blocking) indicators KPI progress
well-balanced integrated indicators motivating employees to achieve the Company’s main goals; transparency, measurability, minimum sufficiency, and consistency of KPIs; a top-down approach to cascading and breaking down KPIs.
delivering on the Company’s Strategy and Long-Term Development Programme; consistently improving the Company’s financial and operating (industry-specific) results; ensuring compliance with directives and instructions of federal executive bodies. With both financial (economic) and operating (industry-specific) KPIs in place, the syste...
Sustainable business growth driven by investments in competitive and high value-added projects based on an ongoing portfolio optimisation Increasing efficiency across all business streams through an in-depth analysis of investment needs, efficient decision-making and project implementation, monitoring and control throughout the project li...
Board of Directors Management Board Investment Committee Dedicated committees Exploration and Production Refining, Commerce and Logistics
Rosneft’s investment governance process is integrated with all related processes, including strategic and business planning, budgeting, reporting and financial control, project management and corporate governance.
Суточная PRODUCTION, добыча углеводородов, млн б.н.э. в сутки
Coordination of contractors’ efforts in terms of operational safety is an important element of our safety culture and a prerequisite for the Company’s sustainable development. The HSE Policy makes no difference between the Company’s and contractors’ employees when protecting life and health and ensuring operational safety. Contractor...
Rosneft’s leading market position, both domestically and globally, and its commitment to creating a long-term sustainable value make it of the utmost importance that our corporate governance framework ensures efficient communication and cooperation between the shareholders, Board members, top managers, employees, business partners, and local commun...
Continuous improvement and global leadership are the priorities that encourage us to develop and invest in cutting-edge technologies.
The Company cares for its employees, their families, and members of local communities across its footprint. We at Rosneft keep a clear focus on employee health, having adopted an integrated framework to respond to epidemic threats. We supplied all production sites and offices with personal protective equipment and arranged for regular testing of ou...
The Company implements best internal control and risk management practices, develops technologies for industrial safety and information security, and ensures product safety, protecting its customers and contractors.
The Company operates a two-tier management model where management functions are split between the Board of Directors and executive bodies.
The Board of Directors performs the two key functions: strategic management of the joint-stock company, which includes approving strategic documents and material transactions; oversight of the executive bodies.
Under the law, the Chief Executive Officer (sole executive body) is authorised to act on behalf of the Company without a power of attorney when dealing with third parties. Rosneft has established a collective executive body (Management Board) chaired by the Chief Executive Officer. Pursuant to the laws of the Russian Federation, the...
Rosneft’s supreme governing body responsible for decision-making on key matters of the Company’s business.
Provides strategic management of the Company’s activities; it reports to the General Shareholders Meeting and acts on behalf and for the benefit of all shareholders within its remit. Set-up
Reviews and then issues recommendations for overseeing the Company’s business, preparing complete and accurate accounting (financial) statements and other reports, and ensuring reliability and effectiveness of risk management and internal control systems, compliance, internal audit, and corporate governance
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Charter; Rosneft’s Corporate Governance Code; Code of Business and Corporate Ethics of Rosneft; Regulations on the General Shareholders Meeting; Regulations on the Board of Directors; Regulations on Rosneft Board Committees; Regulations on Remunerations and Compensations Payable to Members of the Board of Directors; Regulations on t...
Sep 15, 2022 · In 1H 2022, Rosneft was under an unprecedented pressure of adverse external factors and unlawful sanctions. However, thanks to high operational efficiency and appropriate management decisions, we...
People also ask
How did Rosneft perform in 1h 2022?
How did Rosneft achieve zero accidents in 2022?
What is the Rosneft 2022 strategy?
Is Rosneft Oil Company IFRS compliant?
Does Rosneft use catalysts?
What happened in 1h 2022?
Rosneft Oil Company releases 1H 2022 results prepared in accordance with International Financial Reporting Standards (IFRS). 1 Calculations based on average monthly Central Bank of Russia exchange rates. “In 1H 2022, Rosneft was under an unprecedented pressure of adverse external factors and unlawful sanctions.
