Lukoil Lifts Fourth-quarter Net Profit

Published

(File photo: Lukoil)
(File photo: Lukoil)

Russia's No.2 oil producer Lukoil's fourth-quarter net profit rose to 159 billion roubles ($2.42 billion), up from 120.5 billion roubles in the same period a year earlier, the company said on Monday.

Fourth-quarter revenue stood at 2 trillion roubles, while earnings before interest, tax, depreciation and amortisation rose to 278.3 billion roubles, up from 223.7 billion in the same period in 2017, Lukoil said.


($1 = 65.7735 roubles)

(Reporting by Olesya Astakhova Writing by Tom Balmforth Editing by David Goodman)

Current News

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Malaysia Offers Nine Explorati

Egypt Instructs International Oil Companies to Double Production by 2030

Egypt Instructs International

TotalEnergies Posts 13% Drop in Fourth-Quarter Profit

TotalEnergies Posts 13% Drop i

Precision Shaft Alignment: A Sustainable Advantage in Modern Engineering

Precision Shaft Alignment: A S

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine