Net income between April and June was 134bn roubles ($2bn; £1.3bn),
down 22% compared with a year earlier. Revenue was 1.3tn roubles.
Despite the drop, the results were better than analysts had expected.
In the second quarter last year, the price of oil was more than $100 a barrel, while this year it ranged between $55-$65.
The
weak rouble helped to offset lower prices - Rosneft sells its oil in
dollars, so a weak currency means the price of oil in roubles rises.
Despite
the sharp fall in the oil price, the company maintained its production
levels during the quarter, producing an average 5.2 million barrels a
day.
The first six months of this year, the company said,
"was characterised by high fluctuation of oil price and exchange rate,
increased transportation tariffs and tax burden, [and] high interest
expenses due to [a] change in interest base rate".
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