LUKOIL’s profit in 2023 decreased by 17% year-on-year – Kommersant
[ad_1]
LUKOIL net profit (MOEX: LKOH) in 2023 amounted to 655.289 billion rubles, follows from the financial reporting companies according to RAS. Compared to 2022, LUKOIL’s profit decreased by 17.1% (RUB 790.1 billion). Revenue amounted to 2.753 trillion rubles, decreasing by 4.2%.
The company’s gross profit decreased by 21%, to RUB 858.3 billion. The company’s profit before taxes decreased by 16%, to 738.216 billion rubles. Cost of sales in 2023 increased from RUB 1.78 trillion. up to 1.89 trillion rubles.
On March 12, LUKOIL reported financial results under IFRS. According to the company’s report, net profit in 2023 amounted to 1.16 trillion rubles, revenue – 7.93 trillion rubles. The company’s short-term liabilities by the end of the year amounted to 1.44 trillion rubles, long-term – 757.1 billion rubles.
LUKOIL is one of the largest oil and gas companies, accounting for about 2% of global oil production and about 1% of proven hydrocarbon reserves. At the end of 2022, LUKOIL’s net profit under RAS increased by 24%, to RUB 790 billion. Revenue amounted to 2.874 trillion rubles.
About the situation in the oil refining market – in the material “Oil is hard to start”.
[ad_2]
Source link
