LUKOIL's net profit under US GAAP decreased by 23% to $1.299 bln in IQ 2007 from $1.689 bln in the same period of the previous year.
Company's revenues rose by 4.6% to $15.736 bln from $15.041 bln.
Operational charges rose by 56% to $1.443 bln from $925 mil. The cost of the purchased oil made $5.050 bln vs. $5.344 bln y-o-y. Company's expenditures on crude materials conveyance rose by 26.7% to $987 mil, tax payments (without profit tax) rose by 3.3% to $1.829 bln. EBITDA reduced by 13.3% to $2.432 bln from $2.806 bln. Operational charges reduced to $1.876 bn from $2.341 bln.
LUKOIL is the second largest oil company in terms of oil recovery in Russia. As of January 1, 2007, LUKOIL's proven reserves of hydrocarbons were 20.36 billion barrels in oil equivalent, including 15.93 billion barrels of oil and 26.6 trillion cubic feet of gas. In 2006 oil production increased 5.6% to 95.2 mil tons, refining volume increased 3% to 48.95 mil tons. LUKOIL's net profit under US GAAP rose in 2006 by 16.2% to $7.484 bln, revenues - by 21.2% to $68.109 bln. EBITDA rose by 18.2% and made $12.299 bln.
LUKOIL's authorized capital totals RUB 21264081.375. There are 850563255 ordinary shares of RUB 0.025 par in circulation. The company's managers control the largest holding in it - above 20%. The US's ConocoPhillips consolidated 20% shares of LUKOIL by the end of 2006.
LUKOIL ranks second in the list of Russian Leading Companies, by the results of 2005 and published by AK&M in Sept 2006.
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