What is the main topic?

The article discusses Lukoil's 26.5% net profit decline in 2024 due to increased taxes, despite revenue growth.

What caused Lukoil's profit decline?

Lukoil's profit decline was primarily due to increased taxes in 2024.

How did Lukoil's revenue change?

Lukoil's revenue rose from 7.9 trillion roubles in 2023 to 8.6 trillion roubles in 2024.

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Home > Finance > Russia's Lukoil says 2024 net profit down 26.5% as taxes bite

Finance

Russia's Lukoil says 2024 net profit down 26.5% as taxes bite

Published by Global Banking & Finance Review®

Posted on March 24, 2025

1 min read

Last updated: January 24, 2026

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Russia's Lukoil says 2024 net profit down 26.5% as taxes bite

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Lukoil Reports 26.5% Decline in 2024 Net Profit Due to Taxes

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