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Peer Strategy

Russian Oil Companies Manage Challenges Old and New

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  • Western sanctions have negatively impacted Russia's three major oil companies, both at home and abroad.

  • Opec-plus agreed production cuts, a higher domestic tax burden, rising borrowing costs and increased security expenses all hit the companies' 2024 results.

  • But steady cash flow allowed the Russian oil majors to make dividend payments and proceed with key strategic projects.

The Issue

Topics:
Corporate Strategy, Company/Financials, Oil Prices, Sanctions, Upstream Projects, Military Conflict, Policy and Regulation, Tariffs
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