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2Q 2020 FINANCIAL AND OPERATING RESULTS

  • Lower oil prices, weaker rouble, positive export duty lag effect

  • Lower operating results: lower oil production due to external limitations, lower refined products output due to lower demand owing to the pandemic

  • Increased efficiency: growing share of high-margin volumes in oil production, high investment discipline

  • Strong financial results: positive free cash flow in substantial hydrocarbon demand decline environment

  • $1.5 billion eurobonds issue

ANNUAL REPORTS

IR-RELEASES

RELATED

MOEX: LKOH

LSE: LKOD

​Alexander Palivoda​
Head of Investor Relations​