Information for Shareholders and Investors

Institutional Investor Relations

Rosneft shares are among the most attractive investment instruments in the Russian stock market. The Company has a free float of 11.32%, including 5.6% in the form of Global Depositary Receipts (GDR) traded on the London Stock Exchange (LSE). Rosneft enjoys a diversified investor base of around 500 institutional investors.

International institutional shareholders of the Company are based in major business and financial hubs, such as New York, Boston, Los Angeles, London, Frankfurt, Stockholm, Hong Kong, Singapore, and Tokyo. For over ten years since its IPO, Rosneft shares have been steadily growing in value. Between 19 July 2006 and 31 December 2019, Rosneft share price on the Moscow Exchange more than doubled.

Relations with the Company’s investors, both existing and potential, are maintained by the Chairman of the Management Board of Rosneft, First Vice President, heads of businesses, and the Investor Relations Department. In 2019, the Company completed an extensive IR Programme, including a number of strategic speeches by the Chairman of the Management Board at major international investment forums, and approximately 180 one-on-one and group meetings between Company executives and top investment funds.

Feedback from investors is reported to Rosneft’s management on a regular basis.

Currently, 21 investment banks provide analytical coverage of the Company. The Chairman of the Management Board of Rosneft and heads of relevant core functions maintain regular communications with the investor community. At such meetings, investors, analysts, and representatives of international rating agencies are updated on strategic trends in the Company’s development, its operations, and financial management directly by the Company’s executives. Rosneft holds quarterly conference calls for investors involving heads of economics, finance, and operations who provide detailed coverage of the Company’s performance in the reporting period. Shareholder and investor materials, such as press releases, presentations, Rosneft’s Annual Report and Sustainability Report, as well as material facts on resolutions of the Company’s Board of Directors are posted on the Company’s website.

As at February 2020, 19 major investment banks recommended to buy or hold Rosneft shares/GDRs.

In 2019, the Company continued building up resources and interacting with its investors on the environmental, social and governance (ESG) investing matters. In April 2019, Rosneft released an updated public statement on its contribution towards achieving the 17 UN Sustainable Development Goals approved by the Company’s Board of Directors in December 2018. During the reporting year, Rosneft maintained regular communication with investors supporting the Climate Action 100+ initiative. The Company held nearly 50 investor calls on ESG matters. In June 2019, Rosneft became the first Russian company to take part in a ESG workshop that was held in Copenhagen and attended by representatives of 31 investment funds and Sustainalytics and ISS-Ethix ESG rating agencies. Rosneft maintains an ongoing dialogue with 16 international ESG analytical and rating agencies.

In 2019, the Company’s market capitalisation increased by
17 %
(The London Stock Exchange)

Transparency and openness of the Company’s ESG disclosure have gained international recognition. In 2019, Rosneft was included in the FTSE4Good Index of companies demonstrating strong ESG practices. Rosneft was named the best Russian oil and gas company and became one of the leading oil and gas companies globally, with the B and B- CDP ratings assigned in Climate and Water. It is also among the oil and gas giants with high ESG ratings from Bloomberg and Refinitiv. In 2019, Rosneft was one of the leaders in terms of improving the Corporate Human Rights Benchmark (CHRB) rating.

2020 priorities
  • Improve disclosure standards
  • Enhanced interaction with shareholders and investors
  • Promote fast, high-quality, and skilful financial communications

2019 IR Highlights

January
J.P.Morgan

J. P. Morgan – CEEMEA Opportunities Conference (London)

February
Credit_Suisse

Credit Suisse – 24th Annual Energy Summit, Vail

J.P.Morgan

J. P. Morgan – GEM Corporate Conference, Miami

HSBC

HSBC – Non-Deal Roadshow, Miami

Disclosure of the Company’s performance for 2018

Investor conference call involving heads of finance, economics, and operations

March
HSBC

HSBC – Rosneft Saudi Arabia and UAE Non-Deal Roadshow, Dubai, Abu Dhabi (UAE), Riyadh (Saudi Arabia)

April
Raiffeisen Bank

Raiffeisen Bank – Institutional Investor Conference, Zürs (Austria)

Bank of America-Merrill Lynchi

Bank of America Merrill Lynch – Energy & Utilities Conference, London

Moscow Exchange

Moscow Exchange, BCS – Moscow Exchange Forum 2019, Moscow

May
Bank of America-Merrill_Lynch

Morgan Stanley – EEMEA Conference 2019, London

Disclosure of the Company’s performance for Q1 2019

Investor conference call involving heads of finance, economics, and operations

June
Sberbank CIB

Sberbank CIB – Russia: The Inside track, One-on-One Conference, Moscow

Renaissance Capital

Renaissance Capital – Annual Russia Investor Conference, Moscow

August
UBS

UBS – Russia Investors Day, Stockholm, Frankfurt

Disclosure of the Company’s performance for Q2 2019

Investor conference call involving heads of finance, economics, and operations

September
HSBC

HSBC – GEMS Investor Forum 2019, London

October
Goldman Sachs

Goldman Sachs – Investor Meetings, Hong Kong, Zurich, Milan

Goldman Sachs – CEEMEA Corporate Day, Singapore

HSBC

HSBC – Rosneft Saudi Arabia and UAE Non-Deal Roadshow, Dubai, Abu Dhabi (UAE), Riyadh (Saudi Arabia)

November
Goldman Sachs

Goldman Sachs – Global Natural Resources Conference, London

Goldman Sachs – 11th Annual CEEMEA One-on-One Conference, London

Moscow Exchange

Moscow Exchange, Shanghai Session – Russian Capital Market Forum, Shanghai

Disclosure of the Company’s performance for Q3 2019

Investor conference call involving heads of finance, economics, and operations

December
Company, EME Conference in Prague 2019 (Прага)

WOOD & Company, EME Conference in Prague 2019, Prague

Renaissance Capital

Renaissance Capital, Rosneft Non-Deal Roadshow, New York, Boston

Index Rosneft Share and Depositary Receipt Index Weight as at the end of 2019, %
MSCI Russia 3.57As at February 2020
FTSE Russia IOB 4.24
IMOEX 4.45
List of the Largest Institutional Equity and GDR Investors as at January 2020 Free float, %Except for strategic investors.
Capital funds 6.33
The Vanguard Group, Inc. 3.91
BlackRock Fund Advisors 3.60
SAFE Investment Co. Ltd. 2.36
SSgA Funds Management, Inc. 2.00
GIC Pte Ltd. (Investment Management) 1.84
Macquarie Investment Management Business Trust 1.74
Pzena Investment Management LLC 1.48
JPMorgan Asset Management (UK) Ltd. 1.3
Amundi Asset Management SA (Investment Management) 1.27
No Bank Recommendation, early 2019 Recommendation, late 2019
1 Citi Buy Buy
2 BCS Buy Buy
3 Renaissance Capital Buy Buy
4 ATON Buy Buy
5 Veles Capital Buy Buy
6 SOVA Capital Hold Buy
7 HSBC Buy Buy
8 Raiffeisen Bank Buy Buy
9 Credit Suisse Buy Buy
10 UBS Buy Buy
11 Gazprombank Put on review Buy
12 Deutsche Bank Buy Buy
13 Merrill Lynch Hold Hold
14 J. P. Morgan Hold Hold
15 Morgan Stanley Hold Hold
16 Wood & Company Hold Hold
17 Goldman Sachs Buy Hold
18 Sberbank Hold Hold
19 URALSIB Put on review Hold
20 Alfa Bank Put on review Put on review
21 VTB Capital Put on review Put on review
Comparative Performance of Rosneft Stocks, the MICEX Index and Brent Quotes (Base Value – 100)
Comparative Performance of Rosneft Stocks, the MICEX Index and Brent Quotes (Base Value – 100)
Rosneft Stock Price and Trading Volumes at LSE and MOEXStock price is quoted as of the end of month.
Стоимость и объемы торгов акций «Роснефти» на Лондонской фондовой и Московской биржах