pinto + 293 PZ March 4, 2019 Lukoil, Russia’s second-largest crude producer, saw profits jump by nearly half in 2018 on higher oil prices and a weaker rouble, the company said on Monday. Profits for the full year rose 47 per cent to Rbs619bn ($9.4bn) while revenues increased 35 per cent to Rbs8tn. Earnings were bolstered by a weaker rouble and higher oil prices, as Brent rose 8 per cent on the year while Russia’s main export blend Urals rose 11 per cent. The company’s 2018 foreign exchange gain also came in contrast with a loss in 2017. Nevertheless, falling oil prices at the end of the year slowed the company’s profit growth: in the third quarter, profits had nearly doubled on the year, while in the final quarter profits rose 32 per cent year-on-year to Rbs159bn, while revenue rose 23 per cent to Rbs2.04tn. 1 Quote Share this post Link to post Share on other sites
50 shades of black + 254 March 4, 2019 "The next 10-15 years will be a period of stable development for the oil industry and prices will remain relatively high at $60-$70/b," said Vagit Alekperov, the CEO of Lukoil, Russia's second-largest crude producer. 1 Quote Share this post Link to post Share on other sites
Pavel + 384 PP March 4, 2019 Good news for the regime. More money in Putin's pocket... 1 Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD March 4, 2019 2 minutes ago, 50 shades of black said: "The next 10-15 years will be a period of stable development for the oil industry and prices will remain relatively high at $60-$70/b," said Vagit Alekperov, the CEO of Lukoil, Russia's second-largest crude producer. Idle gossip. What did Vagit Alekperov say 10-15 years ago? Quote Share this post Link to post Share on other sites
Pavel + 384 PP March 4, 2019 Today LUKOIL is in 11 States + DC. They also have a major presence in Texas. 2 Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB March 4, 2019 Biggest Oil Companies In The World Company Bln $ Saudi Aramco 465.49 Sinopec Group 448 China National Petroleum Corporation 428.62 Exxon Mobil 268.9 Royal Dutch Shell 265 Kuwait Petroleum Corporation 251.94 BP 222.8 Total SA 212 Lukoil 144.17 Eni 131.82 1 Quote Share this post Link to post Share on other sites
John Foote + 1,135 JF March 5, 2019 13 hours ago, ThunderBlade said: Biggest Oil Companies In The World Company Bln $ Saudi Aramco 465.49 Sinopec Group 448 China National Petroleum Corporation 428.62 Exxon Mobil 268.9 Royal Dutch Shell 265 Kuwait Petroleum Corporation 251.94 BP 222.8 Total SA 212 Lukoil 144.17 Eni 131.82 They don't really compare. Saudi Aramco is primarily a crude oil producer. Sinopec mostly buys their oil, Aramco is overwhelmingly upstream, the other mostly downstream. I think Sinopec has almost 250,000 employees, holy cow, I can't image. 1 Quote Share this post Link to post Share on other sites
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