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Annual Report

2018
Annual
Report
A
Year
Of
Achievements

The year two thousand eighteen, the first year of delivering on our new long-term strategy, became A YEAR OF ACHIEVEMENTS for LUKOIL. This excellent start has provided us with even greater confidence in successful delivery on our strategic goals.

We will not be complacent and will continue to develop the Company in line with the approved strategy. CREATING SHAREHOLDER VALUE is our top priority.

  • The entire document
  • About the Company (p. 5-41)
  • Board Of Directors Report On The Results of the Priority Business Directions Development (p. 42-69)
  • Corporate Responsibility (p. 70-83)
  • Corporate Governance (p. 84-144)
  • APPENDIX 1. Corporate Governance Code Compliance Report (p. 145-172)
  • APPENDIX 2. Risks (p. 173-180)
  • A PPENDIX 3. Major and Interested Party Transactions (p. 181-190)
  • APPENDIX 4. Transactions with PJSC LUKOIL Ordinary Shares by Members of the Board of Directors and Management Committee of PJSC LUKOIL (p. 191-192)
  • APPENDIX 5. Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations (p. 193-290)

"I am pleased to note that we achieved all of our intermediate goals during the year, and in some areas our actual results substantially exceeded our plans. By leveraging our strong operational performance and due to improved market conditions, we achieved record high financial results."

  • Vagit Alekperov, President and Chairman of the Management Committee of PJSC LUKOIL

"One of the key priorities for the board of directors is ensuring the company's sustainable development. thus, we pay close attention to developing LUKOIL strategy and following up on its implementation."


  • Valery Grayfer, Chairman of the Board of Directors of PJSC LUKOIL

The Annual Report of PJSC LUKOIL is approved by the Annual general shareholders meeting (Minutes No. 1 dated June 25, 2019) and preliminarily approved by the Board of Directors of PJSC LUKOIL (Minutes No. 9 dated May 16, 2019).

The Audit Commission of PJSC LUKOIL has confirmed the reliability of data contained in this Annual Report.

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