Rosneft Beats Earnings Estimates as Costs Decline Amid Oil Rout

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  • Free cash flow totals $1.5 billion, Ebitda margin expands
  • Company boosts spending in bid to revive flagging production

Rosneft OJSC reported earnings that beat analyst estimates after cutting costs to weather crude’s collapse. The Russian oil giant rose to a one-month high in Moscow trading.

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