Salem Radio Network News Monday, September 26, 2022

Business

Rosneft says H1 net income up 13% y/y to $7.2 billion

MOSCOW (Reuters) – Russia’s largest oil producer Rosneft said on Thursday its first-half net income attributable to shareholders rose 13% year on year to 432 billion roubles ($7.22 billion) amid efforts to improve cost control and rising output.

It also said first-half hydrocarbon production reached 4.85 million barrels of oil equivalent per day, a 1.5% increase from the year-earlier period.

($1 = 59.8000 roubles)

(Reporting by Reuters; editing by David Evans)

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