LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting for more than 2% of the world's oil production and around 1% of the proved hydrocarbon reserves. While having the full production cycle, the Company exercises full control over the whole production chain — from oil and gas production to petroleum product sales. The Russian Federation accounts for 86% of hydrocarbon reserves and 83% of hydrocarbon production, with the main activities concentrated in four (4) federal districts: the Northwestern, Volga, Urals and Southern Federal Districts. We employ over 100,000 people who join their efforts and talents to secure the Company’s efficient development and market leadership.
Every day millions of consumers in more than 100 countries worldwide buy our products, energy and heat, improving the quality of their life.
Our corporate mission is to make the energy of natural resources serve the interests of mankind, to efficiently and responsibly develop the unique hydrocarbon fields entrusted to us by providing Company growth, the wellbeing of its employees and community at large.
Development of new projects in the Exploration & Production and Refining, Marketing and Distribution segments to effectively replenish the resource base, increase the output, and enhance the product mix and other key performance indicators.
Development of the competitive advantages by applying advanced technologies, identifying the best technical solutions, cost control, creating and capturing synergies within our vertically integrated production chain.
Continuously streamlining processes at existing assets to maximize operations efficiency.
Maintaining high financial stability in a volatile oil price and foreign exchange rate environment through strict financial discipline, conservative planning and effective risk management.
Maintaining the right balance between efficient reinvestment and distributions to shareholders.
Prioritizing dividends in cash flows distribution subject to maintaining financial stability.
Targeting dividend per share growth rate of no less than ruble inflation.
Minimizing environmental impact and ensuring high levels of occupational safety and health and environmental protection.
Sustainable development on the basis of social stability, prudent environmental management and responsible business conduct in the regions where the Company operates.
KEY PERFORMANCE INDICATORS | 2016 DATA
|PROVED HYDROCARBON RESERVES||16.4 BILLION BOE|
2.2 MILLION BARRELS PER DAY |
1.3 MILLION BARRELS PER DAY|
917 THOUSAND TONNES|
|SALES||5.2 TRILLION RUBLES|
|DIVIDEND PER SHARE||
|FREE CASH FLOW||255 BILLION RUBLES|
Personnel. Whatever the Company does is done by the people and for the people.
Environment and Technologies. Being one of the world's largest users of natural resources, LUKOIL stringently abides by the highest global environmental standards and prides itself on the environmental management system it has in place across the entire Company's vertical chain of management.
Responsibility for the human lives and the natural resources entrusted to us in the regions of our presence.
Openness and partnership in cooperation with the public and stakeholders.
Ethics. Following its mission, LUKOIL is guided by fairness and justice, respect and integrity.
OUR CONTRIBUTION TO SUSTAINABLE DEVELOPMENT
Taking social responsibility for the efficient use of natural resources in all its earnestness and maintaining favorable environmental conditions in its business, LUKOIL is guided by the highest HSE standards. In its operations the Company pursues the sustainable development principles and seeks to achieve a good balance between socio-economic and environmental development.