Gulf Oil and Gas accountACCOUNT

LUKOIL Net Income Reached Record $11.0 Billion in 2012

Source: www.gulfoilandgas.com 3/7/2013, Location: Asia

LUKOIL has published consolidated US GAAP financial statements for 2012. The Company’s 2012 net income rose by 6.2% and reached record $11,004 million. EBITDA (earnings before interest, taxation, depreciation and amortization) rose by 1.7% and reached $18,915 million. Sales revenues were $139,171 million (+4.1% y-o-y).

The Company’s strict financial discipline and cost control helped to keep hydrocarbon extraction expenses in 2012 on the level of 2011, it amounted to $5.0 per boe. Free cash flow in 2012 amounted to $6,429 million.

Capital expenditures, including non-cash transactions, in 2012 were $11,850 million, which is 39.5% higher than in 2011. The Company’s net debt reduced by 41.5% to $3,707 million.

Commercial hydrocarbon production by LUKOIL Group for 2012 amounted to 2,170 thousand boe per day, which is 0.2% higher y-o-y.

In 2012, throughputs at the Company’s own and affiliated refineries increased by 1.8% y-o-y up to 66.1 million tons.

LUKOIL is the second largest tax payer in Russian oil industry. In 2012 taxes paid by LUKOIL in Russia amounted to 1.1 trillion roubles.

LUKOIL is the largest high-octane gasoline producer in Russia. In 2012 Russian refineries of the Group produced 6.9 million tons of high-octane gasoline, which is 7.8% higher y-o-y. Since 2012 all gasoline produced by LUKOIL is EURO-5.

Investment News in Russia >>

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.