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

Galp Concludes First Phase of Mopane Exploration Campaign Offshore Namibia

Aker BP’s Hanz Field Comes Onstream in North Sea

Petrofac Lands $350M Deal for Work Off Equatorial Guinea

Current News

Equinor Upbeat About Investor Interest in US Offshore Wind Farm

GE Vernova Could Not Agree Turbines Switch on NY Wind Projects

Hess Profit Jumps on Guyana Output in Positive Sign for Exxon

Decarbonization Offshore O&G: Navigating the Path Forward

Subscribe for OE Digital E‑News