Lukoil Lifts Fourth-quarter Net Profit

Monday, March 4, 2019

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)

Categories: Finance Russia Production

Related Stories

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

Petrobras’ New FPSO Sets Sail From South Korea to Brazil's Santos Basin

Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025

ABL to Support Platform Installations, Rig Moves for Chevron in Gulf of Thailand

PTTEP Orders OneSubsea Systems for Two Deepwater Projects off Malaysia

How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance

CNOOC Brings Online Another Oil and Gas Project in South China Sea

Norwegian Oil Investment Will Peak in '25

China Starts Production at Major Oil Field in Bohai Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Current News

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

TechnipFMC to Supply Subsea Systems for Eni’s Maha Deepwater Project

SED Energy’s GHTH Rig Kicks Off Ops for PTTEP

MODEC Forms Dedicated Mooring Solutions Unit

Seatrium Maintains $12.8B Order Book on Renewables and FPSO Progress

Petrobras’ New FPSO Sets Sail From South Korea to Brazil's Santos Basin

Eneos Warns on Skyrocketing Costs fo Offshore Wind

Mooreast to Assess Feasibility of Floating Renewables Push in Timor-Leste

Malaysia Issues First Offshore CCS Permit to Petronas Subsidiary

Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com