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2019 March 4   18:02

LUKOIL’s IFRS net profit grew by 47.8% in 2018 to RUB 619.2 billion

PJSC LUKOIL has released its audited consolidated financial statements for 2018 prepared in accordance with the International Financial Reporting Standards (IFRS).

In 2018, profit attributable to shareholders amounted to RUB 619.2 bln, 47.8% higher year-on-year. The growth was constrained by higher DD&A due to the launch of new production facilities.

In the reporting period, sales increased by 35.4% year-on-year to RUB 8,035.9 bln.

EBITDA for 2018 increased to RUB 1,114.8 bln, which is 34.1% higher 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.

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News 2019 March 4