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  • Previous Rank43
  • Revenues ($M)$84,677
  • Revenue Percent Change-30.5%
  • Profits ($M)$4,765
  • Profits Percent Change-53.6%
  • Assets ($M)$68,884
  • Employees106,200

Like its international competitors, Russia’s second-largest oil producer Lukoil is suffering from the slump in crude oil prices. Unlike them, it also has to contend, for the second year, with continued sanctions from the U.S. for its home country’s actions in Ukraine. As a result, the company’s access to foreign financial markets is severely limited. Still, the future of the company isn’t entirely grim: CEO Vagit Alekperov has his sights set on re-entering Iran once that country opens up to foreign investment as well as smaller, state-owned rival Bashneft, once the Kremlin finalizes its privatization.

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Company Information

Vagit Y. Alekperov
Petroleum Refining
HQ Location
Moscow, Russia
Years on Global 500 List17
Figures prepared in accordance with International Accounting Standards.

Lukoil Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$84,677-30.5%
Profits ($M)$4,765-53.6%
Assets ($M)$68,884-
Total Stockholder Equity ($M)$44,213-

Profit Ratios

Profit as % of Revenues5.6%
Profits as % of Assets6.9%
Profits as % of Stockholder Equity10.8%