- OAO «LUKOIL» - Financial Fundamentals

www.lukoil.com / Investor and Shareholder Center / For Investors and Analysts / Financial Fundamentals

	Company Information

	Corporate Governance

	Press Centre

	Investor and Shareholder Center

	Reserves and Production

	Oil Refining

	Power Generation

	Product Deliveries and Marketing

	Social Policy

	Environment

	LUKOIL's Internet Projects

	Contacts

Company MissionCompany MissionGeneral Information General Information Company History Company History History of the BrandHistory of the BrandSubsidiariesSubsidiariesInsurance Strategy and PolicyInsurance Strategy and PolicyInquiry FormInquiry FormBoard of Directors Board of Directors Committees of the Board of DirectorsCommittees of the Board of DirectorsManagement Committee Management Committee Stakes of BoD Members and Management Committee MembersStakes of BoD Members and Management Committee MembersRemuneration of Directors and Management Committee MembersRemuneration of Directors and Management Committee MembersDividendsDividendsInternal Documents of the CompanyInternal Documents of the CompanyCorporate Governance ReportCorporate Governance ReportPress ReleasesPress ReleasesSpeeches, articles, interviewsSpeeches, articles, interviewsVideoVideoPhotoPhotoOnline Periodicals Online Periodicals Booklets and BooksBooklets and BooksCorporate collectionCorporate collectionSubscriptionSubscriptionVideoVideoPromotional MaterialsPromotional MaterialsTilt-shift videoTilt-shift video3D Animation3D AnimationPersonalitiesPersonalitiesExploration and productionExploration and productionOff-shore projectsOff-shore projectsRefiningRefiningLUKOIL-II Distribution and transfer terminalLUKOIL-II Distribution and transfer terminalPetroleum Product MarketingPetroleum Product MarketingLUKOIL in the USALUKOIL in the USAEventsEventsCommand and staff exercisesCommand and staff exercisesCentral office of OAO LUKOIL in MoscowCentral office of OAO LUKOIL in MoscowDiplomas, CertificatesDiplomas, CertificatesV. I. Graifer, Chairman of the Board of directors of LUKOILV. I. Graifer, Chairman of the Board of directors of LUKOILV. Alekperov, President of OAO LUKOIL V. Alekperov, President of OAO LUKOIL Oilmen of LUKOILOilmen of LUKOILProduction facilities of the Caspian Yuri Karchagin fieldProduction facilities of the Caspian Yuri Karchagin fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe field Permnefteorgsintez Refinery Permnefteorgsintez RefineryVolgograd RefineryVolgograd Refinery Uhtaneftepererabotka Refinery Uhtaneftepererabotka Refinery Nijnegorodnefteorgsintez Refinery Nijnegorodnefteorgsintez RefineryMini refineries in KogalymMini refineries in KogalymPetrotel-LUKOIL (Romania)Petrotel-LUKOIL (Romania)LUKOIL Neftokhim Burgas (Bulgaria)LUKOIL Neftokhim Burgas (Bulgaria)Odessa Refinery (Ukraine)Odessa Refinery (Ukraine)Filling station commissioning in New-YorkFilling station commissioning in New-YorkChange of brand of a filling station in the USAChange of brand of a filling station in the USAIgor Sechin, Deputy Chairman of the RF Government, visits LUKOIL's fixed offshore ice-resistant platform in the Caspian Sea. December 16, 2009Igor Sechin, Deputy Chairman of the RF Government, visits LUKOIL's fixed offshore ice-resistant platform in the Caspian Sea. December 16, 2009LUKOIL’s arctic fleet welcomes ice-breaker “Varandey”, February 3, 2009LUKOIL’s arctic fleet welcomes ice-breaker “Varandey”, February 3, 2009Commissioning of the Yuzhno Khulchuyu Field. June 20, 2008Commissioning of the Yuzhno Khulchuyu Field. June 20, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008Commissioning of KHAUZAK gas field in Uzbekistan. November 29, 2007Commissioning of KHAUZAK gas field in Uzbekistan. November 29, 2007Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Construction of Varandey TerminalConstruction of Varandey TerminalCommissioning of a catalytic reforming installation at the Volgograd RefineryCommissioning of a catalytic reforming installation at the Volgograd RefineryNakhodkinskoye gaz field commissioningNakhodkinskoye gaz field commissioningOil Spill Response Exercise in the Caspian SeaOil Spill Response Exercise in the Caspian SeaInternational training exercises at Varandey oil export terminalInternational training exercises at Varandey oil export terminalAnti-terrorism exercises at Vysotsk oil terminalAnti-terrorism exercises at Vysotsk oil terminalInternational anti-terrorism exercises at Volgograd RefineryInternational anti-terrorism exercises at Volgograd RefineryInternational exercise at RPK-Vysotsk LUKOIL-IIInternational exercise at RPK-Vysotsk LUKOIL-IIFire-prevention trainings in Kaliningrad RegionFire-prevention trainings in Kaliningrad RegionExercises “Kaliningrad 2004”Exercises “Kaliningrad 2004”Post cardsPost cardsSecuritiesSecuritiesPhotoPhotoReportsReportsFor Investors and AnalystsFor Investors and AnalystsFor ShareholdersFor ShareholdersAnnual General Shareholders MeetingAnnual General Shareholders MeetingShareholders EquityShareholders EquitySecurities trading statisticsSecurities trading statisticsFSA DisclosureFSA DisclosureFinancial ReportsFinancial ReportsLUKOIL Annual ReportsLUKOIL Annual ReportsLUKOIL Data BooksLUKOIL Data BooksLUKOIL Fact BookLUKOIL Fact BookSustainability ReportSustainability ReportCorporate Governance ReportCorporate Governance ReportFinancial FundamentalsFinancial FundamentalsOperating HighlightsOperating HighlightsPresentationsPresentationsFinancial CalendarFinancial CalendarInvestment calculatorInvestment calculatorAnalyst CoverageAnalyst CoverageInvestor Trips to Sites Investor Trips to Sites ContactsContactsUzbekistanUzbekistanPerm Perm Karachaganak Karachaganak West SiberiaWest SiberiaEgyptEgyptShareholder Relations Policy of OAO LUKOILShareholder Relations Policy of OAO LUKOILInvestment calculatorInvestment calculatorDividendsDividendsDepositary Receipts Depositary Receipts FAQFAQContactsContactsHistory of Share Capital History of Share Capital ShareholdersShareholdersCompany SecuritiesCompany SecuritiesShare price informationShare price informationDebt securities price informationDebt securities price informationShare price historyShare price historyInvestment calculatorInvestment calculatorOil and Gas ReservesOil and Gas ReservesExplorationExplorationOil ProductionOil ProductionGas Production Gas Production Oil RefiningOil RefiningOils and lubricantsOils and lubricantsGas Processing Gas Processing PetrochemicalsPetrochemicalsCrude Oil DeliveriesCrude Oil DeliveriesGas DeliveriesGas DeliveriesPetroleum Product MarketingPetroleum Product MarketingPersonnel Management PolicyPersonnel Management PolicySocial Code of OAO LUKOIL Social Code of OAO LUKOIL Charity and Social ActivitiesCharity and Social ActivitiesSportsSportsCorporate retirement programCorporate retirement programSupport for Orphanages and Educational Establishments for ChildrenSupport for Orphanages and Educational Establishments for ChildrenEducation Programs Education Programs Support for Medical Institutions Support for Medical Institutions Social Project ContestSocial Project ContestSupport for Museums and Folk GroupsSupport for Museums and Folk GroupsPublishing ProjectsPublishing ProjectsSupport for Religious ConfessionsSupport for Religious ConfessionsTargeted AssistanceTargeted AssistanceOAO LUKOIL's Special Projects OAO LUKOIL's Special Projects SpartakiadeSpartakiadeCompany Policy Company Policy Caring for the Environment Caring for the Environment Еcological monitoringЕcological monitoringCertificationCertificationAssociated SitesAssociated SitesSubsidiaries' WebsitesSubsidiaries' Websites

Search

Financial Fundamentals

Security: LKOH (common stock), LKOD (ADR)
Exchange: RTS (common stock), LSE (ADR)
Currency: US Dollar

Interim financial results

Net Income		EBITDA		Sales

2006-2010 financial highlights and ratios

Revenue & Earnings (mln USD)		2006	2007	2008	2009	2010

Sales		67 684	81 891	107 680	81 083	104 956
Income from operating activities		10 477	13 071	13 709	9 778	11 533
Net income		7 484	9 511	9 144	7 011	9 006
EBITDA		12 299	15 388	15 552	13 475	16 049
Basic EPS (USD)		9,06	11,48	10,88	8,28	10,95
Diluted EPS (USD)		9,04	11,48	10,88	8,28	10.94

Ratios (definitions)	2006	2007	2008	2009	2010

Share price, MICEX (31 December), RUB	2282,9	2072,4	961,6	1695,5	1732,0
Price to Earnings	9,6	7,4	3,0	6,8	5,2
Price to Sales	1,1	0,9	0,3	0,6	0,5
EV to DACF	10,0	7,2	2,4	6,0	4,5
Price to Book Value	1,6	1,2	0,4	0,6	0,6
Debt to Equity	15,8	14,6	16,3	16,8	15,9
Current Ratio	1,96	1,83	1,48	1,84	1,91
ROACE	21,50%	22,20%	17,30%	11,80%	14,00%

2010 Dividends

Ex-Dividend Date	May 6, 2011
Dividend Rate (RUB)*	59
Yield**	3,52%

* - Dividends recommended by the LUKOIL Board of Directors for approval at the Annual General Meeting of Shareholders. In calculation of dividend payment in US dollars, the exchange rate on the day of announcement was used.
** - Dividend yield is calculated based on the average market price for LUKOIL shares (MISEX) for year the dividend are paid for.

LUKOIL oil company, e-mail:webmaster@lukoil.com