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Annual Report

2020
Annual
Report
Resilience proven
over
time

A whole range of LUKOIL's competitive edges is premised on a sound strategy, high responsibility and constant focus on efficiency. All of these help the Company stay resilient and ensure steady development in a volatile external environment.

  • Annual Report

  • Appendices

"Despite all the pandemic-related limitations, our management team successfully tackled the multiple crises of the reporting year it faced, while LUKOIL once again demonstrated its resilience to external shocks, delivered strong financial performance in unfavorable market environment and maintained robust financial position".

  • Vagit Alekperov, President and Chairman of the Management Committee

"A well-developed corporate governance system provided the Company with sufficient flexibility to react to the challenges of the reporting year and withstand the external shocks. As a result, LUKOIL continued steadily developing its business and making strong contribution to the UN Sustainable Development Goals".

  • Ravil Maganov, 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 24, 2021) and preliminarily approved by the Board of Directors of PJSC LUKOIL (Minutes No. 7 dated May 18, 2021).

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