LUKOIL Oil Company |
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Compilation Date: | 21 Aug 24 |
Company Overview
General Info | |
Full Company Name | PJSC "Oil Company "LUKOIL " |
Industrial Group | Oil & Gas |
Number of Employees | 2,294,000 |
Registration Date | 22 Apr 93 |
Registered Address | 11, Sretensky Blvd., Moscow, 101000 |
Main Office | 11, Sretensky Blvd., Moscow, 101000 |
Telephone / Fax | +7 (800)-200-94-02 / (495) 627-41-91 |
e-mail | shareholder@lukoil.com ir@lukoil.com |
Internet Home Page | www.lukoil.com |
Registrar | Registrar Garant " Ltd. |
Auditor | JSC "KPMG" |
Financial Adviser | n. a. |
Legal Adviser | n. a. |
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Corporate Management |
Chairman of the Board | Ravil Maganov |
Price Highlights | |
Price per Common Share, USD | 68.755792 |
YTD Price Change, % | -8.26 |
P/E Ratio | 5.1746 |
Market Capitalization, USD | 47,638,534,216 |
Common Shares in Free Float, % | 50.00 |
Operations Summary | |
LUKOIL was formed in 1991 as a state concern, which combined three oil producers (Langepasneftegaz, Uraineftegaz, and Kogalymneftegaz) and two oil refineries (Permnefteorgsyntez and Volgograd Refinery). Today, LUKOIL is the leading vertically integrated oil company in Russia. The company’s main activities are oil and gas exploration and extraction, as well as refining and selling petroleum products. LUKOIL is the second largest private oil company worldwide by proven hydrocarbon reserves. LUKOIL is implementing oil & gas exploration and production projects in 13 countries. Most activity is concentrated in four federal districts of the Russian Federation: the North-West, the Volga, the Urals and the South. LUKOIL currently produces a wide range of high-quality petroleum and gas products and petrochemicals, selling them via wholesale and retail in over 30 countries. The Company has oil refineries in 6 countries (including share in the ISAB refinery complex and Zeeland Refinery). The Company owns 4 oil refineries and 2 mini-refineries in Russia, as well as 4 gas-processing plants. The Company's Russian assets also include 2 petrochemical plants. LUKOIL’s new business sector, Power Generation, was created in 2008 as part of the Group’s Strategic Development Program, and the sector has a special role to play in the Group’s updated Strategy for 2012–2021. Power Generation will be an important factor for growth of cash flow and shareholder value in the long term. The business comprises all aspects of power generation, including delivery and marketing of electrical energy and of heat produced at power plants. The nucleus of the segment is the Russian power generating company, UGK TGK-8, which was acquired by LUKOIL in 2008, but it also includes companies producing electricity and heat in Bulgaria, Romania, and Ukraine. In August 2011 In Baghdad, LUKOIL was signed Supplement Agreement to the contract on development and production of oil at West Qurna-2 field. In June 2012 LUKOIL has acquired a 65% stake in the exploration, development and production project on block CI-504 offshore the Republic of Cote d'Ivoire in the Gulf of Guinea. The company has ratings by Standard & Poor's (BBB-), Fitch Rating (BBB-) and Moody’s Investors Service (Ba1). |
Shares Information
Charter Capital Structure |
Type of Share | Shares Outstanding | Nominal Value |
Common Share | 692,865,762 | 0.025 RUR |
Major Shareholders |
Name | % of Voting Stock | % of Charter Capital |
National Settlement Depository | 91.30 | 91.30 |
Equity Positions in Other Companies |
Name | % of Charter Capital |
LUKOIL-Nizhegorodnefteorgsintez Ltd. | 100.00 | LUKOIL-Western Siberia Ltd. | 100.00 | LUKOIL-AERO Ltd. | 100.00 | LUKOIL-Tsentrnefteprodukt Ltd. | 100.00 | LUKOIL- Komi Ltd. | 100.00 | LUKOIL-Perm Ltd. | 100.00 | LUKOIL-Nizhnevolzhskneft Ltd. | 100.00 | JSC "LUKOIL-Ukhtaneftepererabotka" | 100.00 | LUKOIL-Kaliningradmorneft Ltd. | 100.00 | LUKOIL-Nizhnevolzhskneft Ltd. | 100.00 | LUKOIL-Permnefteorgsintez Ltd. | 100.00 | LUKOIL-Rostovenergo Ltd. | 99.99 | JSC "LUKOIL-Chernomorye" | 76.00 |
Dividends History |
Period | Payment per Share, USD | Number of Shares | Ex-Date | Payment Date | Payout Ratio, % | Dividend Yield, % |
/ com | n. p. | 692,865,762 | - | - | - | - | 1993 / com | 0.065962 | 327,368,520 | 25 Mar 94 | 26 May 94 | n. a. | n. a. | 1993 / pref | 1.5831 | 15,181,080 | 25 Mar 94 | 26 May 94 | n. a. | n. a. | 1994 / pref | 0.10775 | 15,181,080 | 19 Apr 95 | 26 May 94 | n. a. | n. a. | 1995 / com | 0.039024 | 460,187,040 | 19 Apr 96 | 05 Jul 96 | n. a. | 0.852984 | 1995 / pref | 0.09756 | 15,181,080 | 19 Apr 96 | 05 Jul 96 | n. a. | n. a. | 1996 / com | 0.051885 | 669,351,391 | 04 Apr 97 | 01 Jul 97 | 4.638399 | 0.451567 | 1996 / pref | 0.17295 | 77,211,864 | 04 Apr 97 | 01 Jul 97 | 1.783515 | 2.022807 | 1997 / com | 0.000011 | 669,351,391 | 17 Apr 98 | 31 Dec 98 | 0.001474 | 0.000046 | 1997 / pref | 0.000044 | 77,211,864 | 17 Apr 98 | 31 Dec 98 | 0.000703 | 0.000282 | 1998 / com | 0.009259 | 669,351,391 | 13 May 99 | 31 Dec 99 | 51.136032 | 0.228623 | 1998 / pref | 0.098889 | 77,211,864 | 13 May 99 | 31 Dec 99 | 62.9982 | 5.99326 | 1999 / com | 0.106953 | 738,351,391 | 21 Apr 00 | 03 Jul 00 | 14.52511 | 0.822715 | 1999 / pref | 0.62211 | 77,211,864 | 21 Apr 00 | 03 Jul 00 | 8.835163 | 10.544236 | 2000 / com | 0.2752 | 756,782,452 | 11 May 01 | 02 Jul 01 | 6.288241 | 2.975135 | 2000 / pref | 2.028833 | 77,211,864 | 11 May 01 | 03 Jul 01 | 4.72977 | 22.795877 | 2001 / com | 0.476991 | 850,563,255 | 10 May 02 | 01 Jul 02 | 19.237127 | 3.894309 | 2002 / com | 0.64185 | 850,563,255 | 11 May 03 | 01 Jul 03 | 29.622045 | 4.178663 | 2003 / com | 0.8652 | 850,563,255 | 06 May 04 | 31 Dec 04 | 19.884013 | 3.735724 | 2004 / com | 0.97468 | 850,563,255 | 11 May 05 | 30 Nov 05 | 19.515701 | 3.251058 | 2005 / com | 1.254 | 850,563,255 | 10 May 06 | 30 Nov 06 | 16.554498 | 2.115238 | 2006 / com | 1.5485 | 850,563,255 | 10 May 07 | 31 Dec 07 | 17.59884 | 1.78604 | 2007 / com | 1.42968 | 850,563,255 | 07 May 08 | 31 Dec 08 | 12.785546 | 1.699573 | 2008 / com | 1.653 | 850,563,255 | 07 May 09 | 31 Dec 09 | 15.375996 | 5.049971 | 2009 / com | 1.706208 | 850,563,255 | 06 May 10 | 31 Dec 10 | 20.699446 | 3.043961 | 2010 / com | 2.04071 | 850,563,255 | 05 May 11 | 21 Aug 11 | 19.273292 | 3.607626 | 2011 / com | 2.367203 | 850,563,255 | 10 May 12 | 25 Aug 12 | 19.440528 | 4.450012 | 9M12 / com | 1.329908 | 850,563,255 | 09 Nov 12 | 15 Feb 13 | 13.602343 | 2.148899 | 2012 / com | 1.50644 | 850,563,255 | 08 May 13 | 25 Aug 13 | 11.644152 | 2.285479 | 1H13 / com | 1.559515 | 850,563,255 | 14 Aug 13 | 31 Oct 13 | 28.313045 | 2.716371 | 2013 / com | 1.666602 | 850,563,255 | 14 Jul 14 | 18 Aug 14 | 18.099469 | 2.665602 | 9M14 / com | 1.727676 | 850,563,255 | 25 Dec 14 | 09 Feb 14 | 25.592089 | 3.377042 | 2014 / com | 1.447572 | 850,563,255 | 13 Jul 15 | 17 Aug 15 | 25.942928 | 3.687569 | 9M15 / com | 0.820092 | 850,563,255 | 23 Dec 15 | 04 Feb 16 | 30.092326 | 2.421868 | 2015 / com | 1.74085 | 850,563,255 | 11 Jul 16 | 15 Aug 16 | 30.908111 | 5.380601 | 9M16 / com | 1.243575 | 850,563,255 | 22 Dec 16 | 02 Feb 17 | 44.955778 | 2.560031 | 2016 / com | 2.002344 | 850,563,255 | 07 Jul 17 | 11 Aug 17 | 54.943736 | 3.499191 | 9M17 / com | 1.510807 | 850,563,255 | 21 Dec 17 | 02 Feb 18 | 25.123272 | 2.860394 | 2017 / com | 1.94298 | 850,563,255 | 10 Jul 18 | 13 Aug 18 | 22.930894 | 3.357999 | 9M18 / com | 1.690877 | 850,563,255 | 20 Dec 18 | 01 Feb 18 | 19.139924 | 2.216637 | 2018 / com | 2.381203 | 850,563,255 | 08 Jul 19 | 09 Aug 19 | 20.439768 | 3.312893 | 9M19 / com | 3.045888 | 715,000,000 | 19 Dec 19 | 31 Jan 20 | 27.123429 | 3.641811 | 2019 / com | 4.784535 | 692,865,762 | 09 Jul 20 | 12 Aug 20 | 33.415341 | 4.811033 | 9M20 / com | 0.603791 | 692,865,762 | 17 Dec 20 | 29 Jan 21 | neg | 1.05982 | 2020 / com | 2.912264 | 692,865,762 | 02 Jul 21 | 02 Aug 21 | 875.813913 | 4.150691 | 9M21 / com | 4.458862 | 692,865,762 | 20 Dec 21 | 01 Feb 21 | 66.096516 | 4.680172 | 2021 / com | n. p. | 692,865,762 | - | - | - | - | 9M22 / com | 3.67872 | 692,865,762 | 20 Dec 23 | 31 Jan 23 | 24.207944 | 5.405428 | 2022 / com | 4.731714 | 692,865,762 | 02 Jun 23 | 07 Jul 23 | 31.137208 | 8.362986 | 9M23 / com | 5.041713 | 692,865,762 | 17 Dec 23 | 26 Jan 24 | 89.152741 | 7.313584 | 2023 / com | 5.594034 | 692,865,762 | 07 May 24 | 13 Jun 24 | 98.919447 | 7.463804 |
Stock Market
Instruments on Exchanges |
Type of Instrument | Ticker | ISIN | Market |
LUKOIL Oil Company | LKOH | RU0009024277 | London SE | LUKOIL Oil Company | LKOH | RU0009024277 | MOEX | LUKOIL Oil Company ADR | | no isin | AMEX | LUKOIL Oil Company ADR | LUK | US6778621044 | Frankfurt SE | LUKOIL Oil Company ADR | LKOD | US6778621044 | London SE | LUKOIL Oil Company ADR | lkoh044 | US6778621044 | RTS Global | LUKOIL Oil Company ADR | LUKOY | US6778621044 | US OTC | LUKOIL Oil Company GDR | | US6778628726 | London SE |
Price Chart |
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Participation in DR Programs |
Level | Effective Date | Underlying Share Ratio | CUSIP | Depositary Bank |
Level 1 ADR | 01 Dec 95 | 1: 1 | 677862104 | Bank of New York Mellon | ADR 144 A | 01 Mar 96 | 1: 1 | 677862203 | Bank of New York Mellon | ADR 144 A | 03 Nov 97 | 1: 1 | 549874105 | Bank of New York Mellon | ADR 144 A | 29 Nov 02 | 1: 1 | 677862807 | Bank of New York Mellon | GDR Reg S | 29 Nov 02 | 1: 1 | 677862872 | Bank of New York Mellon | GDR Reg S | 03 Nov 97 | 1: 1 | 549874204 | Bank of New York Mellon | GDR Reg S Interim | 15 Apr 05 | 1: 1 | 677862864 | Bank of New York Mellon |
Weightings in Indices |
Name | Weight | Inclusion Date | Notes |
MT-RusIndex | 0.75 | 01 Sep 97 | | RusIndex 100 | 0.74 | 01 Sep 97 | | RusIndex Fuel & Energy Complex | 17.79 | 10 Feb 99 | | RusIndex Industrials | 12.64 | 01 Jun 04 | | RusIndex Oil & Gas | 19.54 | 01 Sep 97 | |
Key Financial Characteristics
Balance Sheet |
| 31 Dec 21 | 31 Dec 22 | 30 Jun 23 | 31 Dec 21 | 31 Dec 22 | 30 Jun 23 |
| RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
RUR/USD Exchange rate | 74.29 | 71.98 | 87.03 |
ASSETS, of which | 6,864,749 | 0 | 7,907,304 | 92,401.58 | 0 | 90,854.92 |
Fixed Assets and Other Non-current Assets, of which | 4,715,592 | 0 | 5,336,874 | 63,473.28 | 0 | 61,320.68 |
| Fixed Assets | 4,263,130 | 0 | 4,653,247 | 57,383.01 | 0 | 53,465.81 |
| Intangible Assets | 44,342 | 0 | 63,196 | 596.86 | 0 | 726.12 |
| Other Assets | 408,120 | 0 | 620,431 | 5,493.42 | 0 | 7,128.75 |
Current Assets, of which | 2,149,157 | 0 | 2,570,430 | 28,928.3 | 0 | 29,534.24 |
| Inventories | 46,796 | 0 | 487,233 | 629.89 | 0 | 5,598.31 |
| Accounts Receivable | 875,198 | 0 | 878,853 | 11,780.43 | 0 | 10,098.02 |
| Cash | 677,482 | 0 | 1,020,064 | 9,119.11 | 0 | 11,720.54 |
| Other Current Assets | 549,681 | 0 | 184,280 | 7,398.87 | 0 | 2,117.38 |
OWNER'S EQUITY, of which | 4,523,184 | 0 | 6,038,586 | 60,883.41 | 0 | 69,383.35 |
| Charter Capital | 968 | 0 | 938 | 13.03 | 0 | 10.78 |
| Reserves | 241,990 | 0 | 757,246 | 3,257.26 | 0 | 8,700.76 |
| Retained Earnings | 4,280,226 | 0 | 5,280,402 | 57,613.13 | 0 | 60,671.82 |
LIABILITIES, of which | 2,341,565 | 0 | 1,868,718 | 31,518.17 | 0 | 21,471.57 |
| Long-Term Debt | 677,699 | 0 | 317,084 | 9,122.03 | 0 | 3,643.3 |
| Short-Term Debt | 80,251 | 0 | 70,818 | 1,080.2 | 0 | 813.7 |
| Accounts Payable | 786,463 | 0 | 485,400 | 10,586.03 | 0 | 5,577.25 |
| Other Liabilities | 797,152 | 0 | 995,416 | 10,729.91 | 0 | 11,437.33 |
Financial data standard | IAS | | IAS | IAS | | IAS |
Audited | Unaudited | Unaudited | Audited | Unaudited | Unaudited |
Consolidated | Non-consolidated | Consolidated | Consolidated | Non-consolidated | Consolidated |
P&L Account |
| 31 Dec 21 | 31 Dec 22 | 30 Jun 23 | 31 Dec 21 | 31 Dec 22 | 30 Jun 23 |
| RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
Average RUR/USD Exchange rate | 73.65 | 68.64 | 77.24 |
Sales | 9,435,143 | 0 | 1,925,537 | 128,099.47 | 0 | 24,929.92 |
Production Costs | 8,456,198 | 0 | 1,609,488 | 114,808.49 | 0 | 20,838.04 |
Operating Profit | 978,945 | 0 | 316,049 | 13,290.98 | 0 | 4,091.89 |
Other Income | -11,981 | 0 | 57,066 | -162.66 | 0 | 738.83 |
Income Before Taxes | 966,964 | 0 | 373,115 | 13,128.32 | 0 | 4,830.72 |
Net Income | 775,513 | 0 | 302,638 | 10,529.02 | 0 | 3,918.25 |
Financial data standard | IAS | | IAS | IAS | | IAS |
Audited | Unaudited | Unaudited | Audited | Unaudited | Unaudited |
Consolidated | Non-consolidated | Consolidated | Consolidated | Non-consolidated | Consolidated |
Key Ratios |
| 31 Dec 21 | 31 Dec 22 | 30 Jun 23 |
Company Valuation Coefficients | |
P/BV | 1.02 | 0.64 | 0.59 |
P/S | 0.48 | 0.31 | 0.81 |
P/E | 5.87 | 3.72 | 5.17 |
Company Efficiency Coefficients | |
Sales/Employee, USD thnd | 55.86 | 55.86 | 21.82 |
Net Profit Margin, % | 8.22 | 8.22 | 15.72 |
ROA, % | 12.14 | 12.14 | 17.32 |
ROE, % | 18.04 | 18.04 | 22.68 |
Turnover Coefficients | |
Receivables Turnover | 14.35 | 14.35 | 9.92 |
Assets Turnover | 1.48 | 1.48 | 1.10 |
Inventory Turnover | 40.02 | 40.02 | 17.89 |
Liabilities Turnover | 4.52 | 4.52 | 1.89 |
Capital Structure Coefficients | |
Equity Ratio | 0.66 | 0.66 | 0.76 |
Debt Ratio | 0.34 | 0.34 | 0.24 |
Equity/Debt | 1.93 | 1.93 | 3.23 |
Current Liquidity | 1.73 | 1.73 | 2.29 |
Quick Liquidity | 1.69 | 1.69 | 1.86 |
Production Overview
Production |
Product | Measure | 2018 | 2019 | 1H20 | Units |
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Crude oil | 1,000,000 | 87.12 | 87.49 | 42.02 | tons | Natural gas | 1,000,000,000 | 33.54 | 35.05 | 14.81 | cub meters | Refining volume | 1,000,000 | 73.86 | 73.21 | 30.69 | tons |
Capacity |
Product | Measure | Capacity | Units |
Information is not available yet. |
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