 | |
.jpg) Lukoil's headquarters in Moscow | |
Native name | ПAO «Лукойл» |
|---|---|
| Company type | Public (ПAO) |
| MCX: LKOH | |
| Industry | Oil and gas |
| Predecessor | Langepasneftegaz Urayneftegaz Kogalymneftegaz |
| Founded | 25 November 1991 |
| Founder | Vagit Alekperov |
| Headquarters | , Russia |
Number of locations | 5,867 (2014) |
Area served | Europe, Kazakhstan, Uzbekistan, Iraq, Egypt, Ghana, Nigeria, Cameroon, United States, Mexico, Sri Lanka |
Key people | Vadim Vorobyov (President and CEO) [1] Leonid Fedun (vice-president) |
| Products | Petroleum Natural gas Petrochemicals |
| Revenue | $128 billion[2] (2021) |
| $13.3 billion[2] (2021) | |
| $10.5 billion[2] (2021) | |
| Total assets | $93.2 billion[2] (2021) |
| Total equity | $61.4 billion[2] (2021) |
Number of employees | 101,000 (2019)  |
| Subsidiaries | see Subsidiaries |
| Website | lukoil.com |
The PJSC Lukoil Oil Company (Russian: Лукойл, romanized: Lukoyl, IPA: [ˈluːkɔɪl] stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and electricity. It was formed in 1991 when three state-run, western Siberian companies merged. The original companies were named after their respective towns in Khanty–Mansi Autonomous Okrug that each was based in; Langepasneftegaz, Urayneftegaz, and Kogalymneftegaz. Its new name is the combination of the acronym LUK (initials of the oil-producing cities of Langepas, Uray, Kogalym) and the English word "oil".[3][4]
Lukoil is the second largest company in Russia after Gazprom, and the country's largest non-state enterprise in terms of revenue, with ₽4,744 billion in 2018.[5][6] In the 2020 Forbes Global 2000, Lukoil was ranked as the 99th-largest public company in the world. Internationally, it is one of the largest global producers of crude oil. In 2019, the company produced 87.488 million metric tons of oil (1.639 million barrels per day) and 35.046 billion cubic meters of natural gas.[7][failed verification] As of 2021[update], the company had operations and subsidiaries in more than 30 countries around the world.[8][needs update] In 2022, the company's revenue amounted to 2.9 trillion rubles.[9]
- ^ "CEO of Russian LUKOIL congrats President Ilham Aliyev on election win". www.news.az. 22 February 2024. Retrieved 14 March 2024.
- ^ a b c d e "Consolidated Financial Statements IFRS 12 m 2021" (PDF). Lukoil. 2 March 2022. p. 53. Retrieved 2 March 2022.
- ^ "Lukoil - Langepas, Uray and Kogalym Oil (Russia oil company named after major producing cities) | AcronymFinder". www.acronymfinder.com. Retrieved 2018-01-12.
- ^ "Lukoil - History". www.lukoil.com. Retrieved 2018-01-12.
- ^ "РБК 500: Крупнейшие компании России". РБК. Retrieved 2018-01-12.
- ^ "annual report" (PDF). Lukoil Company websitepublisher=LUKoil. 2005. Archived from the original (PDF) on 4 March 2016. Retrieved 13 April 2014.
- ^ "Production". Lukoil Company website. LUKoil. 2020. Retrieved 7 September 2021.
- ^ "Geographic reach". Lukoil Website. LUKoil. 2021. Retrieved 7 September 2021.
- ^ "ПАО "Лукойл"". www.rusprofile.ru (in Russian). Retrieved 2023-09-08.