Rosneft pays out in historic TNK-BP deal completion

(Reuters) - Russian state oil company Rosneft (ROSN.MM) closed its deal to buy TNK-BP (TNBP.MM) from UK-based BP (BP.L) and four tycoons on Thursday, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil (XOM.N).

Russia's Rosneft disappoints with fourth quarter profits of £1.2bn

Russian state-controlled oil company Rosneft, in which BP has agreed to buy a 20pc stake, disappointed markets with its fourth-quarter results on Friday.

BP and Rosneft plan TNK integration

Bob Dudley, BP’s chief executive, is to join a steering committee to mastermind the integration of TNK-BP (LSE: BP.L - news) into Rosneft, the companies announced on Thursday.

Rosneft to Buy TNK-BP in $55 Billion Deal

The Russian state-owned energy company Rosneft reached agreements on Monday worth a combined $55 billion that will give it control of TNK-BP, a joint venture parted owned by the British energy giant BP.