Russian oil companies are more resistant to falling oil prices than foreign competitors.
Edited by Rhod Mackenzie / 2015-09-09 06:04:35
Russian oil companies are more resistant to falling oil prices thanks to support from the state.
According to Bloomberg the largest Russian oil companies tolerate falling oil prices easier than their western competitors. In view of the favorable attitude of the state and the low cost of production in such companies as "Rosneft", Lukoil or "Gazpromneft", the situation with profitability, net free cash flow and equity prices is much better than such Western companies as Shell and ExxonMobil.