Lukoil Lifts Fourth-quarter Net Profit

(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

Malampaya Gas Field Exceeds Export Capacity Amid Grid Demands in Philippines

Malampaya Gas Field Exceeds Ex

Petrobras and BP Deepen Partnership

Petrobras and BP Deepen Partne

Subsea7 Wraps Up Pipeline Replacement Work Offshore Brunei

Subsea7 Wraps Up Pipeline Repl

Woodside Revenue Falls on Lower LNG, Oil Prices

Woodside Revenue Falls on Lowe

Subscribe for OE Digital E‑News

Offshore Engineer Magazine