The Latest Breaking News from Rosneft

JPMorgan & Chase (NYSE:JPM) has resigned as a depositary of global depositary receipts (GDR) of Russia's largest oil producer Rosneft (OTC:RNFTF), Reuters reported. Last month, JPMorgan & Chase started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to…

In the race to seize assets tied to sanctioned Russian billionaires, U.S. authorities are alleging that a Russian tycoon acted as the “straw owner” of two yachts worth more than $1 billion, including the $700 million Scheherazade, a superyacht linked to Russian President Vladimir Putin.

The oil giant made an underlying profit of $6.2 billion in the first three months of the year, far higher than the City was expecting

Rolling coverage of the latest economic and financial news

Results are ‘obscene’, say unions, after soaring oil and gas prices help company to beat forecasts

BP posted its best quarterly earnings in more than a decade as the government comes under pressure to do more to ease the cost of living crisis

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

Russia’s former economic development minister sentenced for eight years on bribery charges has been granted parole

The call on companies to explore buying the stake in Rosneft came after BP CEO Bernard Looney met Petroleum Minister Hardeep Singh Puri in March