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Company Directory - Rosneft

Company Details - Rosneft

Rosneft Logo

Rosneft

Website

Moscow, Russia

Rosneft is a Russian multinational oil and gas company, and one of the leading players in the global oil market. It is involved in the exploration, production, refining, and distribution of oil and gas products. The company operates a vast network of extraction and refining facilities and is a major supplier of crude oil and petroleum products.

CCI Score

CCI Score: Rosneft

-16.89

-1.77%

Latest Event

Rosneft's Ties Questioned Amid Global Oil Sanction Debate

Amid discussions in the US Congress over imposing steep duties on buyers of Russian oil, India's government cautioned against double standards in sanctioning. The debate highlighted Rosneft’s minority stake in India's Nayara Energies, drawing attention to the company's links with an authoritarian state and its role in energy geopolitics.

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ENABLER

Rosneft is currently rated as an Enabler.

-10 to -19 CCI Score
Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

  • Rosneft's Ties Questioned Amid Global Oil Sanction Debate Logo
    JUL
    17
    2025

    Amid discussions in the US Congress over imposing steep duties on buyers of Russian oil, India's government cautioned against double standards in sanctioning. The debate highlighted Rosneft’s minority stake in India's Nayara Energies, drawing attention to the company's links with an authoritarian state and its role in energy geopolitics.

  • Rosneft's $20bn Investment in India and Its Authoritarian Ties Logo
    DEC
    05
    2024

    Rosneft, a Russian state-backed oil firm, invested $20 billion in India as reported on December 5, 2024. The investment comes amid remarks by President Putin about expanding manufacturing operations in India, reinforcing economic ties between Russia and India. The move is seen as deepening financial collaboration with an authoritarian regime.

  • -75

    Economic Collaboration

    July 17

    Rosneft's $20 billion investment in India, coupled with President Putin's statements about potential manufacturing operations, underscores a strategic economic engagement that bolsters an authoritarian regime. This deepening financial collaboration with an authoritarian state poses significant concerns from an anti-fascist perspective, as it strengthens state power and undermines progressive interests.

    Russia's Rosneft invested $20 bn in India, govt quotes Putin as saying

  • Rosneft 2023 CHRB Human Rights Scorecard Assessment Logo
    NOV
    01
    2023

    A 2023 CHRB scorecard evaluated Rosneft’s human rights performance with an overall score of 16.9/100. The report details significant shortcomings in the company’s governance, human rights due diligence, worker safety, grievance mechanisms, and overall commitment to upholding internationally recognized labor and human rights standards.

  • -60

    Labor Relations and Human Rights Practices

    July 17

    The CHRB scorecard exposes major deficiencies in Rosneft's approach to labor relations and human rights practices, including weak grievance mechanisms, inadequate worker safety measures, and overall poor human rights due diligence. From an anti-fascist perspective, these failures contribute to an environment that may enable authoritarian abuse of worker rights and undermine marginalized communities.

    PDF Corporate Human Rights Benchmark 2023 Company Scorecard

  • Government Invests in Rosneft's Vostok Oil Project Logo
    OCT
    26
    2023

    The Russian government has approved an investment of approximately 11.8 trillion rubles for the Vostok Oil project in the Krasnoyarsk Territory, a key component of the regional social and economic development strategy until 2035. Rosneft CEO Igor Sechin communicated these figures to President Vladimir Putin, signaling close collaboration with state directives despite recent withdrawals by foreign partners amid sanctions.

  • -60

    Executive Political Engagement

    July 17

    Rosneft's CEO Igor Sechin directly communicated massive investment figures to President Putin, demonstrating overt executive political engagement with the authoritarian state. This level of direct political involvement underscores the company's alignment with state policies that bolster authoritarian governance.

    The Government Announced the Volume of Investments in the Rosneft Vostok Oil Project

  • -50

    Economic Collaboration

    July 17

    The substantial government investment in the Vostok Oil project in partnership with Rosneft signifies economic collaboration that reinforces the authority of the Russian state. This involvement with state-directed economic initiatives supports an authoritarian agenda, particularly in light of recent external withdrawals due to sanctions.

    The Government Announced the Volume of Investments in the Rosneft Vostok Oil Project

  • Rosneft Fuels Russian Military Efforts Logo
    OCT
    01
    2023

    The Financial Times article highlights that BP is facing pressure to cut ties with Rosneft because the oil giant is supplying fuel to the Russian army, thereby contributing to the military operations of Vladimir Putin's regime in Ukraine.

  • -80

    Economic Collaboration

    July 17

    Rosneft's role in providing fuel to the Russian armed forces directly enables the military actions of an authoritarian regime. This economic collaboration with a regime engaged in aggressive warfare against Ukraine is viewed as a highly negative influence, aligning with concerns over corporate complicity in authoritarian practices.

    BP under pressure over ties to Rosneft and fuel supplies to Russian army

  • Rosneft Exerts Authoritarian Control Over Russian Media Logo
    MAR
    31
    2023

    Rosneft is accused of leveraging debt relationships to control independent media outlets in Russia, interfering with editorial independence and silencing dissent following changes in media ownership and governance.

  • -60

    Executive Political Engagement

    July 17

    Rosneft, led by a close ally of President Putin, is implicated in interfering with independent media by influencing editorial appointments and enforcing censorship. This level of executive political engagement reflects clear authoritarian influence on public discourse.

    Spectre of oil giant Rosneft looms over Russian independent media

  • -75

    Media Influence and Propaganda

    July 17

    By using its economic leverage to force media ownership changes and suppress critical reporting, Rosneft is actively engaging in the manipulation of media narratives. This interference undermines press freedom and supports an authoritarian agenda.

    Spectre of oil giant Rosneft looms over Russian independent media

  • -50

    Economic Collaboration

    July 17

    Leveraging debt owed by media owners, Rosneft demonstrates economic dominance that translates into control over independent media outlets. This practice consolidates power within an oligarchic framework, ultimately undermining democratic institutions and free expression.

    Spectre of oil giant Rosneft looms over Russian independent media

  • Rosneft Human Rights Observance Policy Announcement Logo
    JAN
    01
    2023

    Rosneft published its observance of human rights policy outlining adherence to Russian law, the Social Charter of Russian Business, and international human rights standards including the Universal Declaration of Human Rights, ILO standards, and the UN Global Compact. The policy also extends to require suppliers to follow a dedicated Code for Human Rights Observance, and establishes internal hotlines to handle rights complaints.

  • +80

    Labor Relations and Human Rights Practices

    July 17

    Rosneft demonstrates a proactive commitment to labor relations and human rights by aligning its policies with international frameworks and ensuring that suppliers meet similar standards. This comprehensive approach to human rights observance reflects positively on its ethical business practices.

    Observance of Human Rights - limited.rosneft.com

  • Rosneft Publishes Public Commitment to Human Rights Logo
    JAN
    01
    2023

    Rosneft released a detailed PDF outlining its commitment to human rights, including adherence to international human rights declarations and standards, support for labor rights and non-discrimination, and measures to ensure safe and equitable working conditions for employees and business partners.

  • +70

    Labor Relations and Human Rights Practices

    July 17

    Rosneft's public stance explicitly commits to upholding international human rights and labor standards. The document details adherence to conventions such as the UN Universal Declaration of Human Rights, ILO conventions, and emphasizes non-discrimination, freedom of association, and safe labor conditions. This reflects a positive progressive action in fostering fair labor practices and respect for human rights.

    PDF in the Field of Human Rights - Rosneft

  • BP divests from Rosneft amid Ukraine aggression Logo
    FEB
    27
    2022

    BP announced its exit from a $14 billion stake in Rosneft, citing Moscow's 'act of aggression' against Ukraine. The move, accompanied by the resignation of BP's Chief Executive from the Rosneft board, reflects a growing international repudiation of state-linked Russian oil companies perceived as complicit in authoritarian actions.

  • -80

    Public and Political Behavior

    July 17

    Rosneft's association with Russia's aggressive policies in Ukraine, highlighted by BP's decision to divest, underscores its involvement in state-led authoritarian practices. This public and political behavior reflects complicity in actions undermining democratic values and accountability.

    BP ditches stake in Russia's Rosneft over Ukraine 'aggression'

  • Rosneft Releases ESG Strategy Logo
    DEC
    31
    2021

    Rosneft approved its 'Rosneft-2030: Reliable Energy and Global Energy Transition' strategy at the end of 2021. The strategy emphasizes measures to reduce carbon emissions, improve operational efficiency, and meet UN Sustainable Development Goals, while also addressing labor safety, human rights, and corporate ethics through comprehensive ESG initiatives.

  • +10

    Public and Political Behavior

    July 17

    The ESG strategy communicates Rosneft's public stance on human rights and ethical corporate behavior. By publicly outlining commitments to transparency and accountability, the company positions itself as adopting practices that can serve as a counterbalance to authoritarian tendencies, albeit modestly.

    ESG

  • +40

    Labor Relations and Human Rights Practices

    July 17

    The strategy specifically incorporates initiatives on labor safety and human rights, aligning with international sustainability goals and ethical business practices. This is a positive corporate move that supports fair labor practices and could help safeguard marginalized communities.

    ESG

  • Rosneft Publishes Supplier Code of Conduct for Human Rights Logo
    JUL
    08
    2021

    On 8 July 2021, Rosneft published its Supplier Code of Conduct to enforce human rights principles throughout its supply chain. The initiative mandates that suppliers and contractors adhere to established human rights standards, as outlined in international declarations and local laws, and continues the company's longstanding commitment to ethical business practices.

  • +75

    Supply Chain Ethics

    July 17

    By implementing a Supplier Code of Conduct focused on human rights, Rosneft is proactively ensuring that its extensive supply chain adheres to ethical and internationally recognized human rights standards. This move not only reinforces corporate accountability but also protects marginalized communities impacted by business practices. The initiative reflects positive business practices and supply chain ethics, counteracting authoritarian practices within the corporate sphere.

    Rosneft Publishes the Supplier Code of Conduct for Human Rights

  • Rosneft Commits to UN Global Compact Principles Logo
    JAN
    01
    2021

    In 2021, Rosneft aligned its business operations with the UN Global Compact, emphasizing adherence to human rights, labor relations, environmental protection, and anti-corruption standards. Recognized as the sole Russian oil and gas company to become a Global Compact LEAD, the company integrated these principles into its strategic and operational framework.

  • +80

    Business Practices and Ethical Responsibility

    July 17

    Rosneft's commitment to the UN Global Compact and its integration of principles such as human rights, fair labor practices, environmental stewardship, and anti-corruption reflect a strong dedication to ethical business practices. This commitment supports progressive, anti-authoritarian values by promoting transparency and accountability in corporate governance.

    The UN Global Compact - rosneft.com

  • Rosneft reinforces Kremlin's authoritarian agenda Logo
    JUN
    05
    2020

    An analysis by the Atlantic Council outlines how Rosneft’s aggressive acquisition strategy and business practices are closely aligned with Kremlin objectives. The company’s operations, guided by CEO Igor Sechin, prioritize state political interests and crony capitalism over transparent, shareholder-driven practices, thereby reinforcing authoritarian power structures.

  • -75

    Executive Political Engagement

    July 17

    Rosneft’s leadership, under CEO Igor Sechin, is deeply intertwined with Kremlin policies, using the company as a tool to advance state political objectives. This executive political engagement undermines democratic accountability and bolsters authoritarian governance.

    New challenges and dwindling returns for Russia's national champions, Gazprom and Rosneft

  • -60

    Business Practices and Ethical Responsibility

    July 17

    Rosneft’s aggressive acquisition spree and its prioritization of state and geopolitical interests over commercial and shareholder value reflect a business practice that aligns with authoritarian objectives, contributing to a crony capitalist model that undermines ethical responsibility.

    New challenges and dwindling returns for Russia's national champions, Gazprom and Rosneft

  • Rosneft's Media Censorship and Influence over Independent Outlets Logo
    MAY
    31
    2020

    Rosneft, a Russian oil giant closely linked to President Putin, has been reported to exert significant control over Russia's remaining independent media outlets. The company has leveraged debt relationships and legal actions, including a massive lawsuit against RBK, to force editorial changes and suppress unfavorable coverage, thereby contributing to a climate of media censorship that aligns with authoritarian objectives.

  • -80

    Media Influence and Propaganda

    July 17

    The article outlines how Rosneft has used financial leverage and legal pressure to take control of independent media outlets, effectively silencing critical voices and supporting an environment of state-controlled narratives. These actions undermine press freedom and serve authoritarian interests.

    Spectre Of Oil Giant Rosneft Looms Over Russian Independent Media

Corporate Financials

Revenue
2023
$75.00B
Total Assets
2023
$150.00B
Operating Income
2023
$12.00B
Total Equity
2023
$80.00B

Employees: 180,000

Industries

211120
Crude Petroleum Extraction
324110
Petroleum Refineries
486110
Pipeline Transportation of Crude Oil