Page 103 - RusRPTMar21

8.3.2 Dividends dynamics
● Oil & gas
Rosneft CEO Igor Sechin met with President Vladimir Putin, 15 February, and said Rosneft is able to pay out 50% of its 2020 net income in dividends. He also said that investors are buying Rosneft on optimism over Vostok Oil. Sechin told Putin that Rosneft is so far the only global major to post net profit, noting that ExxonMobil, Chevron, Shell and Total ended 2020 with
103 RUSSIA Country Report March 2021 www.intellinews.com