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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 and Finance Review

Posted on March 24, 2025

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MOSCOW (Reuters) - Lukoil posted a 26.5% decline in 2024 full-year net profit to 848.5 billion roubles ($10.12 billion), Russia's No.2 oil producer reported on Monday, as taxes increased.

It also said last-year revenue rose to 8.6 trillion roubles from 7.9 trillion roubles in 2023.

($1 = 83.8705 roubles)

(Reporting by Vladimir Soldatkin and Olesya Astakhova; Editing by Jan Harvey)

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