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

Oil Executives Flag Long-Term Impact of Iran Conflict

Oil Rises as Iran Denies US Talks, Supply Risks Persist

China’s Sinopec Plans to Skip Iranian Oil, Tap Strategic State Reserves

ADNOC Gas Adjusts LNG Output Amid Hormuz Disruptions

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

US to Deploy Amphibious Assault Ship, Marines to Middle East

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

TVO Customizes Tethered BOP Technology

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Current News

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Thai Tanker Transits Hormuz after Iran Talks

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Oil Executives Flag Long-Term Impact of Iran Conflict

Oil Rises as Iran Denies US Talks, Supply Risks Persist

CNOOC Names New CEO

Qatar LNG Exports Cut 17% After Missile Strikes, $20B Revenue Loss Expected

China’s Sinopec Plans to Skip Iranian Oil, Tap Strategic State Reserves

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