Joint Stock Company Rosneft is the largest Russian company. It produces, sells and processes gas and oil products both in Russia and abroad. The main assets of the company are concentrated in Russia.
Rosneft has an extensive sales network and continues to actively develop it.
Rosneft is currently the market leader in the Russian Federation in terms of market capitalization (in particular, it is 5 billion US dollars ahead of Gazprom). The state owns a little less than 70 percent of the company. In 2016, Rosneft shareholders approved a number of likely transactions to attract thirteen billion loans.
Company dividend history
PJSC Rosneft is one of the largest oil production organizations in the world. The dividend story of the company is very successful. So, for 2015, a dividend of $ 124 million was paid, the payout ratio was 54 percent. Also in 2015, Rosneft shareholders decided to approve dividends in the region of 35 percent of the holding’s profit (previously this amount was 25% of the profit).
Dividend Policy Forecast for 2016
In 2016, Rosneft plans to increase the dividend burden, which will positively affect the optimal development of the company. So, the company plans to increase the investment program for the period from 2016 to 2018 to one trillion rubles. For reference: in 2015, a similar indicator amounted to 600 billion rubles. All questions of the representatives of the joint stock company are governed by the company's dividend policy. The distribution of dividends in 2016 took place on July 1 (the closing date of the register is June 27, 2016). The next similar date is June 27, 2017. Dividend payment is scheduled for July 22, 2017.
Shareholders of Rosneft
On November 1, 2016, the company introduced holders owning more than five percent of the company's capital. Thus, a share of the authorized capital of 69.5 percent is owned by Rosneftegaz, which is one hundred percent owned by the state. BP Russian Investments Limited owns a 19.75% stake. NPO National Settlement Depository Joint-Stock Company - 10.36%. The remaining securities are in free float. They are owned by both legal entities and individuals, including unidentified ones, which makes up less than five percent of the company's shares. In 2016, Rosneft shareholders made a number of important decisions, namely: the company was transformed into a public joint-stock company (the former legal form was an open joint-stock company). The position of the president’s CEO (Chief Executive Officer), which in the Russian translation means "chief executive officer", has also been changed .
PJSC Rosneft: register of shareholders
The public joint-stock company Rosneft Oil Company, in full compliance with the Federal Law, maintains, classifies, records, stores the data of all shareholders. The register holder is LLC "Register-RN" . Maintaining the register of shareholders is the main activity of LLC "Register-RN" . The company owns a central office in Moscow and twelve branches in the regions.
In 2016, the Rosneft Board of Directors criticized the company's top management policy regarding the publication of Rosneft's financial statements.
The composition of shareholders drew attention to inaccurate reporting data. At the moment, the financial condition of the company allows you to invest and pay dividends to shareholders. The company forecasts production growth in 2016-2018 subject to a favorable investment policy.