Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2017-05-30 20:30:00

LUKOIL PROFIT UP 33.7%

ЛУКОЙЛ: ПРИБЫЛЬ ВЫШЕ НА 33,7%

LUKOIL - PJSC LUKOIL today released its condensed interim consolidated financial statements for the three months ended 31 March 2017 prepared in accordance with International Financial Reporting Standards (IFRS).

Financial Highlights

 1Q
2017
4Q
2016
1Q
2016
(RUB bln)
Sales

1,431.6

1,400.9

1,177.7
EBITDA 207.6 183.3 192.0
       EBITDA excluding West Qurna-2 204.7 177.6 170.5
Profit attributable to LUKOIL shareholders 62.3 46.6 42.8
Profit attributable to LUKOIL shareholders net of foreign exchange effect 97.1 68.6 79.1
Capital expenditures 130.2 139.7 125.8
Free cash flow before changes in working capital 67.1 38.4 57.4

 

Sales

In the first quarter of 2017 our sales increased to 1,431.6 bln RUB, or by 2.2% compared to the fourth quarter of 2016 mainly driven by higher wholesale volumes of the refined products internationally due to the increased trading volumes.

As compared to the first quarter of 2016, our sales increased by 21.6% primarily due to the higher sales prices, as well as higher sales volumes of crude oil and refined products internationally resulting from the increase in trading volumes.

EBITDA

In the first quarter of 2017, our EBITDA increased to 207.6 bln RUB, or by 13.3% and 8.2% as compared to the fourth quarter of 2016 and the first quarter of 2016, respectively. EBITDA was positively impacted by the growth of high-margin volumes in our overall production, improvement in the refined product slate at our own refineries, as well as decrease in SG&A expenses, which were partially offset by the ruble appreciation, introduction of the incremental fixed component to the oil MET formula, increase in excise taxes on refined products and transportation tariffs.

Year-on-year EBITDA dynamics was significantly impacted by lower volumes of compensation crude oil from the West Qurna-2 project in Iraq. Our EBITDA, net of this project, increased by 20.1%.

Profit for the period

In the first quarter of 2017, profit attributable to PJSC LUKOIL shareholders was 62.3 bln RUB, up 33.7% and 45.5% quarter-on-quarter and year-on-year, respectively. Profit was significantly impacted by non-cash foreign exchange loss. Excluding this item, profit attributable to PJSC LUKOIL shareholders amounted to 97.1 bln RUB, a 22.7% increase year-on-year.

Capital expenditures

Capital expenditures amounted to 130.2 bln RUB for the first quarter of 2017, down 6.8% quarter-on-quarter and up 3.5% year-on-year. Capital expenditures dynamics was mainly driven by the completion of a major upgrade program at our refineries and seasonal factors.

Free cash flow

In the first quarter of 2017, free cash flow before changes in working capital amounted to 67.1 bln RUB, up by 16.8% and 74.8% year-on-year and quarter-on-quarter, respectively.

Operational Highlights

 1Q
2017
4Q
2016
1Q
2016
Hydrocarbon production, mln boe 202.0 208.1 219.6
excluding West Qurna-2
199.2 204.1 201.7
Liquid hydrocarbons, mln barrels 164.0 169.6 182.6
excluding West Qurna-2
161.2 165.6 164.7
Production of gas, bcm 6.5 6.5 6.3
Production of petroleum products at own refineries, mln t 15.2 15.8 14.9

 

Liquid hydrocarbons

During the first quarter of 2017, we produced 164.0 mln barrels of liquid hydrocarbons. Production change compared to the first quarter of 2016 was mainly driven by the reduction in compensation crude oil volumes from the West Qurna-2 project in Iraq.

Average daily production excluding this project was 1.1% lower compared to the first quarter of 2016, mainly due to the temporary external limitations of Russian companies' production volumes. However, production growth continued as planned at the V. Filanovsky and Pyakyakhinskoe fields that were brought into production in the second half of 2016.

Gas

Our gas production amounted to 6.5 billion cubic meters, representing an increase by 2.8% year-on-year and no change quarter-on-quarter. The dynamics was positively impacted by the launch of gas production at the Pyakyakhinskoe field at the beginning of 2017.

Petroleum products

In the first quarter of 2017, production of refined products at own refineries increased by 2.5% year-on-year mainly due to the higher utilization rates at refineries in Perm, Volgograd and Burgas. There was a significant improvement in product slate due to reaching design parameters of the new conversion facilities. In particular, light product yield at our Russian refineries increased by 5 percentage points to 65%. The improvement in production efficiency of our Russian refineries was also attributable to the optimization of feedstock mix and capacity utilization, including the cross-supplies of refined products.

Compared to the fourth quarter of 2016, production of refined products decreased by 3.4% driven by maintenance works at our refineries in Nizhny Novgorod and Ploiești.

-----

Earlier: 

LUKOIL DOWN TO 29% 

LUKOIL PRODUCTION DOWN BY 3% 

LUKOIL NET INCOME DOWN 55% 

$500 MLN FOR LUKOIL 

LUKOIL PROFIT DOWN 2%

 

 

Tags: LUKOIL, ЛУКОЙЛ

Chronicle:

ЛУКОЙЛ: ПРИБЫЛЬ ВЫШЕ НА 33,7%
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

ЛУКОЙЛ: ПРИБЫЛЬ ВЫШЕ НА 33,7%
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

ЛУКОЙЛ: ПРИБЫЛЬ ВЫШЕ НА 33,7%
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

ЛУКОЙЛ: ПРИБЫЛЬ ВЫШЕ НА 33,7%
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »