# Bashneft

> Russian oil company

**Wikidata**: [Q809985](https://www.wikidata.org/wiki/Q809985)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Bashneft)  
**Source**: https://4ort.xyz/entity/bashneft

## Summary
Bashneft is a Russian oil company founded on January 1, 1946, that specializes in the extraction of petroleum and the production of petroleum products. Headquartered in Ufa, the capital city of the Republic of Bashkortostan, Russia, it operates as an open joint-stock company and is currently owned and operated by Rosneft, a major Russian energy company.

## Key Facts
- **Inception:** Founded on January 1, 1946.
- **Location:** Headquartered in Ufa, Republic of Bashkortostan, Russia.
- **Type:** Open joint-stock company and enterprise.
- **Industry:** Petroleum extraction and petroleum products.
- **Ownership:** Owned and operated by Rosneft, a Russian energy company headquartered in Moscow.
- **Employees:** Approximately 25,000.
- **Revenue History:** Documented revenues include 468,100,000; 587,701,000,000; 532,604,000,000; 611,300,000,000; 851,664,000,000; 989,121,000,000; 1,031,600,000,000; and 1,135,586,000,000.
- **Net Profit History:** Recorded net profits and losses include -12,499,000,000; 46,643,000,000; 52,027,000,000; 59,600,000,000; 84,931,000,000; and 103,873,000,000.
- **Total Assets History:** Total assets have been recorded at 584,167,000,000; 787,741,000,000; 916,132,000,000; 1,118,143,000,000; and 1,163,247,000,000.
- **Subsidiaries:** Includes Bashneft – Novoil (inception 1951, headquartered in , industry ) and Ufaneftekhim (inception 1957, headquartered in , industry ).
- **Listings:** Listed on the Moscow Exchange.
- **Websites:** http://www.bashneft.com and https://bashneft-azs.ru/.

## FAQs
**What is Bashneft's relationship with Rosneft?**
Bashneft is a subsidiary owned and operated by Rosneft, a major Russian energy company in the petroleum and petroleum-gas industry, which was established in 1993.

**Where is Bashneft located?**
The company is based in Ufa, the capital city of the Republic of Bashkortostan, Russia, which was founded around 1574-1586.

**What type of company is Bashneft?**
Bashneft is structured as an open joint-stock company, a corporate form common in successor states of the Soviet Union, and functions as a commercial enterprise producing goods and services.

**What are Bashneft's primary business activities?**
The company's primary operations involve the extraction of petroleum from the earth and the production of useful materials derived from crude oil, known as petroleum products.

## Why It Matters
Bashneft plays a significant role in the Russian petroleum industry as a major extractor and refiner of crude oil. Its integration into the Rosneft portfolio—a company with hundreds of thousands of employees and massive global influence—highlights its strategic importance in Russia's energy sector. The company's substantial asset base, reaching over 1.1 trillion in recorded total assets, and its large workforce of 25,000 employees demonstrate its scale as a vital organizational unit in the regional and national economy. Furthermore, its public listing on the Moscow Exchange underscores its relevance in the financial markets of Eastern Europe and Northern Asia.

## Notable For
- Being one of the established petroleum enterprises in Russia, with a history tracing back to 1946.
- Operating as a key subsidiary of Rosneft, one of the largest energy companies globally.
- Maintaining a significant workforce of 25,000 employees.
- Generating historically high revenues that have exceeded 1.1 trillion.
- Having multiple subsidiaries like Bashneft – Novoil and Ufaneftekhim, which have been operational since the 1950s.

## Body

### Corporate Structure and Classification
Bashneft operates as an open joint-stock company, a specific type of joint-stock company prevalent in Russia and other successor states of the Soviet Union. As a commercial business and enterprise, it functions as an organizational unit producing goods and services, benefiting from a certain degree of autonomy in its decision-making, particularly regarding the allocation of its current resources.

### Ownership and Parent Company
The company is owned and operated by Rosneft, a formidable Russian energy company. Rosneft, which was inceptioned in 1993, operates within the petroleum and petroleum-gas industries and is headquartered in Moscow, specifically at the Sofiyskaya Embankment. Rosneft is a massive entity in its own right, with a reported 334,600 employees as of December 31, 2019, and 315,400 employees reported earlier that same year. Through this ownership structure, Bashneft is connected to one of the largest players in the global energy market.

### Location and Geography
Bashneft is headquartered in Ufa, which serves as the capital city of the Republic of Bashkortostan, Russia. Ufa is a historically significant city with an inception date recorded between 1574 and 1586. The company's operations are inherently tied to Russia, a country located in Eastern Europe and Northern Asia, which underwent its most recent foundational change on December 25, 1991, following the dissolution of the Soviet Union.

### Subsidiaries and Affiliated Entities
Within its corporate structure, Bashneft includes several notable subsidiaries:
- **Bashneft – Novoil:** Also identified as a Russian oil company, Bashneft – Novoil was inceptioned in 1951. It is headquartered in  and operates within the  industry.
- **Ufaneftekhim:** This company, which operates within the same industry and is also headquartered in , was inceptioned in 1957. Ufaneftekhim is situated in Russia.

### Financial Performance
Bashneft has demonstrated substantial financial activity over the years. The company's revenue has seen significant figures, with records showing 587,701,000,000; 611,300,000,000; 1,031,600,000,000; 468,100,000; 532,604,000,000; 851,664,000,000; 1,135,586,000,000; and 989,121,000,000.

Its net profit history includes 52,027,000,000; 59,600,000,000; -12,499,000,000; 84,931,000,000; 103,873,000,000; and 46,643,000,000. This indicates a period where the company experienced a net loss, followed by periods of strong profitability.

The company's total assets have also been robust, recorded at 584,167,000,000; 787,741,000,000; 916,132,000,000; 1,163,247,000,000; and 1,118,143,000,000.

### Market Presence and Operations
Bashneft is listed on the Moscow Exchange, a major stock exchange that deals in equities, bonds, currencies, money market instruments, and commodities. The exchange itself was inceptioned in 2011 and is headquartered in Moscow, Russia.

The company's primary operations fall under the extraction of petroleum—the removal of petroleum from the earth—and the production of petroleum products, which are useful materials derived from crude oil. Bashneft maintains a digital presence through its websites at http://www.bashneft.com and https://bashneft-azs.ru/. The entity employs approximately 25,000 individuals and was founded on January 1, 1946.

## References

1. Virtual International Authority File
2. Freebase Data Dumps. 2013
3. [Source](http://www.bashneft.com/files/iblock/670/Bashneft_IFRS_Cons_FS16-r.pdf)
4. [Финансовые результаты 12 мес. и IV кв. 2021 г.. Bashneft. 2022](http://www.bashneft.ru/files/iblock/847/1.2021_Отчетность_МСФО_Башнефть.pdf)
5. [Группа «Башнефть» Обобщенная консолидированная финансовая отчетность за год, закончившийся 31 декабря 2025 г. Bashneft. 2026](https://bashneft.ru/upload/iblock/4e8/piet0tx8ld6iv3c5qg84lwfc1qyoxzjc/1.%20Bashneft%20IFRS%20Cons%202025%20OKPO.pdf)
6. [Source](http://www.bashneft.ru/files/iblock/4d4/Bashneft%20IFRS%20Cons%20FS%2015-r.pdf)
7. [Рейтинг крупнейших компаний России по объему реализации продукции. Expert RA](https://raexpert.ru/rankingtable/expert200/1995/main/)
8. Name Suggestion Index