Rosneft is the leader of the Russian oil industry and the largest public oil and gas corporation in the world (as of before Saudi Aramco’s IPO). Rosneft PJSC’s core activities are exploration and appraisal of hydrocarbon fields, production of oil, gas and gas condensate, offshore field development projects, feedstock processing, sales of oil, gas and refined products in Russia and overseas.
The company has not been of particular interest to investors for many years due to a large number of non-cash expenses that impacted the amount of dividends, as well as its unwillingness to develop.