Revenue: $90.4 billion
Market Value: $36.8 billion
Founded in November 1991, LUKOIL is headquartered in Moscow, Russia and employs over 110,000 people from all over the world.
LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally.
• Over 2% of global production of crude oil
• Nearly 1% of world proved oil reserves
• 16.4% of Russian crude oil production and 15.7% of Russian crude oil refining
Group business is divided between four main segments: Exploration and Production; Refining, Marketing and Distribution; Petrochemicals; Power Generation
LUKOIL is implementing oil & gas exploration and production projects in 12 countries.
90% of Company’s proved reserves and 87% of marketable hydrocarbon production at the end of 2014 were in Russia. The Company is also taking part in oil & gas production projects in 6 countries outside Russia.
The greater part of exploration work by the Company is concentrated in the Timan-Pechora oil and gas province, Western Siberia and the Volga region (including the Caspian Sea).
Most activity is concentrated in four federal districts of the Russian Federation: the North-West, the Volga, the Urals and the Southousand.
Western Siberia is the Company’s main oil production region (48.2% of LUKOIL Group oil production) and its main resource base (53.7% of the proved oil reserves of LUKOIL Group).