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Annual Report

In 2019, we delivered outstanding results on the path of implementing our long-term strategy through successful development of our priority projects, qualitative improvement of our business and strong capital discipline. A key tool of delivering our strategic plans is continuous efficiency improvement across all areas.
  • Annual Report

  • Appendices

"Despite the highly volatile macroeconomic environment and production limitations, we delivered on all our objectives and even achieved record highs in some areas, further cementing LUKOIL’s competitive position."

  • Vagit Alekperov, President and Chairman of the Management Committee

"Adherence to the strategy, including the commitment to sustainable development principles and continuous improvement of the corporate governance system, contribute to the efficient development and high stability of the Company’s business, as well as to creating shareholder value in a rapidly changing and highly competitive environment."


  • Ravil Maganov, Vice Chairman of the Board of Directors

The Annual Report of PJSC LUKOIL is approved by the Annual general shareholders meeting (Minutes No. 1 dated June 23, 2020) and preliminarily approved by the Board of Directors of PJSC LUKOIL (Minutes No. 9 dated May 18, 2020).


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