Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLKOH.L Share News (LKOH)

  • There is currently no data for LKOH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Russia's Lukoil beats forecasts as Q4 net profit more than doubles

Wed, 21st Mar 2018 11:12

MOSCOW, March 21 (Reuters) - Fourth-quarter net income forRussia's No.2 oil producer Lukoil rose to 120.5billion roubles ($2.1 billion) from 47 billion roubles a yearearlier thanks to higher oil prices and sales, Lukoil said onWednesday.

Analysts polled by Reuters had expected Lukoil's October -December net income to be 111 billion roubles.

Its shares were up 0.4 percent at 1055 GMT, underperformingthe broader Moscow market, which climbed by 0.9 percent

Lukoil, controlled by its president Vagit Alekperov and hisdeputy Leonid Fedun, has been suffering from declining rates ofoil production mainly due to depleted oilfields in West Siberia.

It said its hydrocarbon output fell 0.3 percent last yeardue to a global deal in which Russia agreed with OPEC to curboutput, as well as lower volumes of "compensation crude oil"from the West Qurna-2 project in Iraq.

Revenues rose to 1.66 trillion roubles in the fourth quarterfrom 1.4 trillion roubles, while earnings before interest,taxes, depreciation and amortisation (EBITDA) increased to 223.7billion roubles from 183.3 billion roubles a year earlier.

The company holds a meeting with investors in London onFriday.(Reporting by Olesya Astakhova and Vladimir SoldatkinEditing by Maria Kiselyova and Edmund Blair)

More News
3 Mar 2022 08:13

UK bans more Russia GDRs, firms from insurance market over Ukraine

(Sharecast News) - Britain took more action against Russian companies on Thursday as they were banned from the insurance market and suspended on the London Stock Exchange.

Read more
29 Dec 2021 14:10

Lukoil agrees Meretoyakhaneftegaz joint venture with Gazprom Neft

(Sharecast News) - Lukoil announced on Wednesday that it had concluded a sale and purchase agreement with Gazprom Neft for a 50% equity share of Gazprom Neft's wholly-owned subsidiary Meretoyakhaneftegaz.

Read more
2 Apr 2018 08:55

UPDATE 1-Russian oil output hits 11-month high in March

* Oil output up to 10.97 mln bpd in March vs 10.95 mln bpd in Feb * First increase in Russian output since December * Highest production number after 11 mln bpd in April 2017 * Saudi Crown Prince

Read more
28 Mar 2018 09:08

Rouble, stocks down on lower oil prices; Lukoil outperforms

MOSCOW, March 28 (Reuters) - The Russian rouble eased slightly on Wednesday and stock indexes inched lower as oil prices slid from recent peaks and with support from payments

Read more
23 Mar 2018 10:29

Russia's Lukoil sees annual investments at $8 bln if oil price at $50/barrel

MOSCOW, March 23 (Reuters) - Russia's Lukoil sees its investments at $8 billion a year if oil prices are at around $50

Read more
23 Mar 2018 10:23

Lukoil can reach strategic goals at oil price of $50/barrel - CEO

MOSCOW, March 23 (Reuters) - Russia's No.2 oil producer Lukoil can reach its strategic goals at an oil price of $50 per barrel, CEO the

Read more
15 Mar 2018 14:30

Russia's oil export duty seen down 7 pct to $111.4/T in April

MOSCOW, March 15 (Reuters) - Russia's oil export duty is expected to fall to $111.4 per tonne in April from per tonne

Read more
12 Mar 2018 11:20

Russia ramps up fuel exports in fight for European market

* Russian light oil products exports seen rising to 106 mln T in 2018 * Diesel exports seen increasing by 3 million tonnes this year * Russia also increases gasoline By and 12

Read more
6 Jun 2016 13:55

LukOil's Q1 profit hit by crude prices, forex headwinds

(ShareCast News) - Russian oil producer LukOil PJSC saw its first-quarter profit plunge almost 59% as crude-oil prices plumbed 12-year lows and as it was buffeted by foreign-exchange headwinds. The company said its attributable profit for the three months to 31 March fell to 42.8bn rubles, down 58.8

Read more
3 Jun 2015 13:02

Lukoil agrees disposal for Estonian gas stations arm

Lukoil has signed a sale-and-purchase contract to sell Estonian retail subsidiary Lukoil Eesti, which owns a network of 37 gas-filling stations in the country, to local company Aqua Marina. Lukoil, Russia's second largest oil group and with listings in Moscow, London and the US OTC market, said the

Read more
22 Oct 2014 12:01

Lukoil Hong Kong IPO plans suffer small delay

Despite some small delays, Russian oil colossus Lukoil said its plans for a $1bn initial public offer (IPO) in Hong Kong remained on track to float early in 2015, but warned national oil production may fall in future years. Leonid Fedun, the oligarch vice president of the Moscow-headquartered group,

Read more
4 Aug 2014 13:19

CORRECT: Bowleven Receives Cameroon Presidential Decree For Etinde Application

Read more
4 Aug 2014 08:14

Bowleven Receives Cameroon Presidential Decree For Etinde Application

Read more
24 Jun 2014 07:46

Bowleven Sells 50% Stake In Etinde Permit For USD250 Million

Read more
12

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.