Rosneft Narrowing Gap to Exxon on Buyout Deal

Rosneft Narrowing Gap to Exxon on Buyout Deal

Alexander Zemlianichenko Jr./Bloomberg

The acquisition that would boost Rosneft’s output to about 4.5 million barrels a day has propelled Rosneft’s valuation to 8.1 times earnings, the most expensive level since March 2011, data compiled by Bloomberg show.