Lukoil doubled its net profit in the first nine months of 2022 (October 31, 2022)

For the nine months of this year, the net profit of the Russian oil company LUKoil under RAS amounted to 647.9 billion rubles.

This is evidenced by the company’s statements, reports TASS. It is noted that the figure is more than 2.2 times higher than the data of the same period last year.

The company’s revenue for the reporting period increased 1.5 times, amounting to 334 trillion rubles. The cost of Lukoil increased by 30%, to 1.425 billion, gross profit doubled, reaching 909 billion rubles.

The company’s profit from sales increased by 2.3 times, to 798 billion rubles, profit before tax increased by the same amount and amounted to 712 billion rubles, the material says.

In September, Russian President Vladimir Putin allowed Lukoil and the Gazprombank-Freesia fund to acquire shares in Enel Russia, a generating company owned by Italy’s Enel. Amount closed on October 12 deals on the sale of 56.43% of the shares amounted to € 132 million – according to Kommersant, this is 27% lower than the cost of the package on the Moscow Exchange.

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