All the members of the board were reelected except for deputy chief of government staff Kirill Androsov, who was replaced with Russian property management agency head Yury Petrov.
Rosneft CEO Sergei Bogdanchikov said on Thursday that Rosneft's capitalization stood at $129 billion as of May 30. He said Rosneft considered further increases in its market value along with dividend growth its priorities.
In 2007, Rosneft boosted oil output 25% year on year to 100.9 million metric tons (739 million barrels).
Shareholders decided to pay dividends of 1.6 rubles ($0.07) per share with a face value of 1 kopeck for 2007, which is 20.3% more than in 2006. 10.5% of the company's 2007 net profit calculated to the Russian Accounting Standards could go to dividend payments.
It was earlier reported that Rosneft's net profit calculated to the Russian Accounting Standards in 2007 was down 24% on the previous year and totaled 162 billion rubles ($6.8 billion). Net profit calculated to US GAAP was up 260% in 2007 to $12.9 billion on 2006.
