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2014-09-01 17:45:00

LUKOIL GROWTH 24.7% TO $5.4 BLN

ЛУКОЙЛ ВЫРОС НА 24,7%

LUKOIL has published consolidated US GAAP financial statements for the second quarter of 2014.

The Company's net income in the second quarter of 2014 amounted to $2,389 million, which is a 13.5% y-o-y increase. EBITDA (earnings before interest, taxation, depreciation and amortization) in the second quarter of 2014 increased by 24.7% y-o-y to $5,437 million. Sales revenues were $38,205 million (+9.0% y-o-y). The increase in revenue and EBITDA was mainly due to crude oil production growth in Russia and the start of cost compensation from West Qurna-2 project in Iraq.

Capital expenditures, including non-cash transactions,…

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Tags: LUKOIL, ЛУКОЙЛ, OIL, GAS, НЕФТЬ, ГАЗ
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