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NK Lukoil PAO (LKOH.MM)

LKOH.MM on Moscow Interbank Currency Exchange

5,230.00RUB
17 Jun 2019
Change (% chg)

руб40.00 (+0.77%)
Prev Close
руб5,190.00
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руб5,183.00
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руб5,230.00
Day's Low
руб5,157.50
Volume
936,099
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руб4,006.00

Latest Key Developments (Source: Significant Developments)

Russia's Lukoil seeks to increase dividends
Wednesday, 6 Mar 2019 11:46am EST 

March 6 (Reuters) - Russia's second-largest oil producer Lukoil says ::Board approved changes to its dividend policy.Seeks to annually increase total amount of dividends calculated to be paid on company's outstanding shares at a rate not lower than the rouble inflation for the reporting year.The amendment to result in a higher dividend per share growth rate subject to decreasing number of outstanding shares.The amendment allows to account for the share buyback factor when determining the dividends amount.The new principle was added to the list of principles of determination of the final dividend amount set out in the regulations.  Full Article

Aker Energy makes additional oil discovery offshore Ghana
Monday, 4 Mar 2019 02:30am EST 

March 4 (Reuters) - Aker ASA ::AKER ASA: AKER ENERGY ANNOUNCES SUCCESSFUL DRILLING RESULTS OFFSHORE GHANA.AKER ENERGY, AS OPERATOR OF DEEPWATER TANO CAPE THREE POINTS (DWT/CTP) BLOCK, ANNOUNCES THAT IT ENCOUNTERED OIL IN PECAN SOUTH-1A WELL OFFSHORE GHANA. A SIDETRACK WILL NOW BE DRILLED TO FURTHER APPRAISE VOLUME POTENTIAL.VOLUMES WILL BE AN ADDITION TO GROSS CONTINGENT RESOURCES (2C) FROM EXISTING DISCOVERIES IN AREA, PREVIOUSLY ESTIMATED TO 450 - 550 MMBOE.AKER ENERGY IS IN PROCESS OF ANALYZING WELL RESULT AND WILL COMMENCE FURTHER DRILLING IN ORDER TO VERIFY VOLUME ESTIMATE.ESTIMATES THAT TOTAL VOLUMES TO BE INCLUDED IN A PLAN OF DEVELOPMENT (POD) HAVE POTENTIAL TO INCREASE TO BETWEEN 600 - 1,000 MMBOE.AKER ENERGY SEES FURTHER UPSIDES IN AREA. COMPANY HAS IDENTIFIED MULTIPLE WELL TARGETS TO BE DRILLED AS PART OF A GREATER AREA DEVELOPMENT AFTER SUBMISSION OF POD.AKER ENERGY IS OPERATOR OF DWT/CTP BLOCK WITH A 50% PARTICIPATING INTEREST.AKER ENERGY'S PARTNERS ARE LUKOIL (38%), GHANA NATIONAL PETROLEUM CORPORATION (GNPC) (10%) AND FUELTRADE (2%).  Full Article

European Eltech Wins Tender For Lukoil's Gas Project In Uzbekistan
Monday, 25 Feb 2019 04:57am EST 

Feb 25 (Reuters) - Yevropeyskaya Elektrotekhnika PAO ::SAYS WON SECOND TENDER FOR SUPPLY OF COMPONENTS FOR LUKOIL'S GAS PROJECT IN UZBEKISTAN.  Full Article

Moody's welcomes Russian oil profit-based tax introduction
Wednesday, 16 Jan 2019 08:15am EST 

MOSCOW, Jan 16 (Reuters) - Moody's Investors Service says::The introduction of a profit-based taxation (PBT) system for selected Russian oil fields from Jan. 1 2019 is credit positive for the industry because it will incentivise the development of deposits that were previously uneconomical;.The PBT system will result in a lower tax burden for companies during the initial stages of the development of greenfield projects and also higher after-tax revenues (netbacks) for both eligible brownfields and greenfields following their ramp up;.Estimates that by company the percentage of crude oil production subject to the PBT system will range from 10 percent to 30 percent by 2020-24..  Full Article

Lukoil says H1 hydrocarbon output excluding WQ-2 field up 3.2 pct y/y
Wednesday, 15 Aug 2018 05:00am EDT 

Aug 15 (Reuters) - Russia's second-largest oil producer Lukoil says::In the first half of 2018 Lukoil's hydrocarbon production excluding West Qurna-2 project in Iraq was 2,287 thousand boe per day, which is 3.2 percent higher year-on-year. The increase was driven by the development of gas projects.Oil production excluding West Qurna-2 project in the first half of 2018 was 42.1 million tonnes, including 21.1 million tonnes produced in the second quarter, which is flat quarter-on-quarter in average daily terms.In the first half of 2018, Lukoil's gas production was 16.1 billion cubic meters, which was 20 percent higher year-on-year. In the second quarter of 2018 gas production was 8.1 billion cubic meters, which is flat quarter-on-quarter in average daily terms.Source text for Eikon: ID:nRSO8687Xa.Further company coverage: LKOH.MM.  Full Article

Russia's Lukoil approves key budget indicators for 2018-2020
Thursday, 14 Dec 2017 07:35am EST 

Dec 14 (Reuters) - Russia's Lukoil ::Says the Board of Directors approved the mid-term development plan (Key budget indicators of the LUKOIL Group for 2018-2020);.The plan is based on a $50 per barrel oil price scenario;.Sustainable hydrocarbon production growth is planned in the Upstream business segment along with growth in the share of high-margin projects in overall production;.In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of the product slate;.The Board of Directors also approved the Strategic Development Program of the LUKOIL Group for 2018-2027, which is aimed at balanced sustainable business development in the changing macro environment. The main priorities are strong investment discipline, conservative financial policy, cost control, increasing operating efficiency, sustainable dividends growth, minimization of environmental impact and ensuring labour health and safety..​.  Full Article

Russia's Lukoil says Q3 net profit at 97.3 bln rbls
Wednesday, 29 Nov 2017 05:00am EST 

Nov 29 (Reuters) - Russian oil producer Lukoil says::Q3 net profit at 97.3 billion roubles ($1.67 billion);.Q3 net profit before forex effect at 104.9 billion roubles;.Q3 EBITDA at 221.1 billion roubles;.Q3 sales at 1.48 trln roubles;.In Q3 2016, Lukoil made net profit of 54.8 billion roubles. .  Full Article

Russia's Lukoil says total oil output at 21.95 mln T in Q3
Tuesday, 14 Nov 2017 08:45am EST 

Nov 14 (Reuters) - Russia's Lukoil says::Its third-quarter total oil production was at 21.95 million tonnes vs 21.79 million tonnes in the second quarter;.Starting from January 2017, Lukoil's oil production volume and dynamics are mainly defined by the external limitations of Russian companies' production volumes;.For the first nine months of 2017, its oil production excluding West Qurna-2 project was 64.1 million tonnes, including 21.4 million tonnes produced in the third quarter;.Lukoil's hydrocarbon production excluding West Qurna-2 project for the first nine months of 2017 increased by 2.3 percent as compared to the same period of 2016 to 2,218 thousand barrel of oil equivalent (boe) per day. Its third-quarter production was broadly unchanged from the previous quarter at 2,219 thousand boe per day..  Full Article