LogIn LogOut

Lukoil Quarterly Profit Rises

November 26, 2019

(Photo: Lukoil)
(Photo: Lukoil)

Russia's second-largest oil producer Lukoil said on Tuesday its third-quarter net income rose 5% quarter on quarter to 190.4 billion roubles ($3 billion) helped by a lower effective income tax rate.

Its sales fell 8.1% from the second quarter to 1.95 trillion roubles reflecting lower oil prices and trade volumes.

($1 = 63.8345 roubles)

(Reporting by Anton Kolodyazhnyy and Vladimir Soldatkin; editing by Jason Neely)



Current News

First Topside Module Lifted on Coral South FLNG Hull

First Topside Module Lifted on Coral South FLNG Hull

Kazakhstan: No Shutdown Planned for COVID-19-hit Tengiz Field

Kazakhstan: No Shutdown Planned for COVID-19-hit Tengiz Field

GMS Fleet Utilization at 2015 High as More Middle East Work Secured

GMS Fleet Utilization at 2015 High as More Middle East Work Secured

AET Takes Delivery of Petrobras-bound Shuttle Tanker

AET Takes Delivery of Petrobras-bound Shuttle Tanker

Japan's Refiners Facing Stagnant Market May Cut Capacity

Japan's Refiners Facing Stagnant Market May Cut Capacity

Conrad: Mako Discovery One of 'Largest Ever' in West Natuna Basin

Conrad: Mako Discovery One of 'Largest Ever' in West Natuna Basin

QP: North Field Works Going Full Steam Ahead

QP: North Field Works Going Full Steam Ahead

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