Lukoil Quarterly Profit Rises

Published

(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

ExxonMobil Offshore Oil Venture in Guyana Recoups Initial Costs

ExxonMobil Offshore Oil Ventur

Chevron Posts Strongest Quarterly Profit in Six Years

Chevron Posts Strongest Quarte

ExxonMobil Misses Forecasts Despite Four-Year Profit High

ExxonMobil Misses Forecasts De

Fugro Forecasts Offshore Wind Recovery Outlook Delay to 2027

Fugro Forecasts Offshore Wind

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine