USD 63.6336

-0.13

EUR 70.9196

-0.25

BRENT 59.38

-0.22

AI-92 42.28

0

AI-95 46.05

+0.01

AI-98 51.7

-0.05

Diesel 46.26

+0.01

77

LUKOIL published IFRS consolidated financial statements for 1Q 2016

Revenue was RUB 1,178 bln, EBITDA was RUB 145 bln, Profit for the period was RUB 43 bln. Excluding FX effect, EBITDA and Profit for the period were RUB 191 bln and RUB 79 bln, respectively.

LUKOIL published IFRS consolidated financial statements for 1Q 2016 LUKOIL published IFRS consolidated financial statements for 1Q 2016


Capital expenditures for 1Q 2016 were RUB 123 bln, free cash flow was RUB 36 bln.

In 1Q 2016, LUKOIL Group total hydrocarbon production (including our share in equity affiliates) increased by 0.5% y-o-y and reached 214.2 mln boe.

Crude oil and NGL production was 183 mln bbl (-0.2% y-o-y). On an organic basis (excluding the impact of divestment of certain producing assets in Kazakhstan in 2015), oil production was up by 0.6% y-o-y with production decline at mature fields in Western Siberia more than offset by an increase in production in Iraq and projects in Timan-Pechora, Ural region and Northern Caspian in Russia.

 

Operating

1Q        2016

1Q       2015

Key Indicators:

Hydrocarbon production, mln boe

214

213

0.5%

of which crude oil and NGL, mln bbl

183

183

-0.2%

of which West Qurna-2, mln bbl

18

14

26.3%

Refined products produced, mln t

14.9

14.1

5.6%

       

Financials, RUB bln

     

Sales

1,178

1,440

-18.2%

EBITDA

145

214

-32.1%

EBITDA excluding FX effect

191

209

-8.5%

Profit for the period

43

104

-58.8%

Profit for the period excluding FX effect

79

99

-20.5%

Capital expenditures*

123

154

-20.5%

Free cash flow

36

63

-42.1%

Net debt

589

602

-2.2%

* Including non-cash transactions and prepayments
 

 

Full version of IFRS condensed interim consolidated financial statements of PJSC LUKOIL for the first quarter of 2016 is available on the Company’s web sites: www.lukoil.com

These condensed interim consolidated financial statements have been prepared by the Company in accordance with IFRS and have not been audited by our independent auditor.

If these financial statements are audited in the future, the audit could reveal discrepancies, and we cannot give any assurance that any such discrepancies would not be material.

Source : Neftegaz.RU