A Review of the Nigerian Energy Industry

Russia’s Lukoil lifts fourth-quarter net profit to 159 bln rbls

Russia's Lukoil lifts fourth-quarter net profit to 159 bln rbls
Lukoil

05 February 2019, News Wires — Russia’s No.2 oil producer Lukoil’s fourth-quarter net profit rose to 159 billion roubles ($2.42 billion), up from 120.5 billion roubles in the same period a year earlier, the company said on Monday.

Fourth-quarter revenue stood at 2 trillion roubles, while earnings before interest, tax, depreciation and amortisation rose to 278.3 billion roubles, up from 223.7 billion in the same period in 2017, Lukoil said. ($1 = 65.7735 roubles)

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Reuters

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