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BP - Rosneft: Avoid This Russian Supermajor
June, 16 2021 01:53 PM
BP p.l.c.
Rosneft is the largest oil company in Russia. The financial performance of the company is significantly worse than that of peers. Rosneft trades at a significant premium to the market on multiples. The market expects a significant increase in cash flow due to the implementation of the Vostok-Oil project. In our opinion, the potential risks associated with the company's management exceed the potential profit from the implementation of the new project. For further details see:
Rosneft: Avoid This Russian Supermajor
Stock Information
Company Name:
BP p.l.c.
Stock Symbol:
BP
Market:
NYSE
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