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1Q 2020 FINANCIAL AND OPERATING RESULTS

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

  • Growing operating results: oil production growth, growing share of high-margin volumes in oil production

  • Increased efficiency: lower lifting and refining cost, high investment discipline

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

  • Shares buyback via a tender offer

ANNUAL REPORTS

IR-RELEASES

RELATED

MOEX: LKOH

LSE: LKOD

​Alexander Palivoda​
Head of Investor Relations​