LUKOIL’s profit in 2017 more than doubled YoY to RUB 418.8 bln
PJSC LUKOIL today released its audited consolidated financial statements for the full year of 2017 prepared in accordance with the International Financial Reporting Standards (IFRS).
“For the full year 2017, profit attributable to our shareholders more than doubled year-on-year and amounted to RUB 418.8 bln”, says the statement.
The Company’s sales for 2017 increased by 13.6% year-on-year to RUB 5,936.7 bln.
EBITDA for 2017 increased to a record level of RUB 831.6 bln, growing 13.8% year-on-year.
LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting for more than 2% of the world's oil production and around 1% of the proved hydrocarbon reserves. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs.