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18 Pages

LUKOIL corporate - reported results analysis


LUKOIL corporate - reported results analysis

Report summary

LUKOIL's profits for Q3 2016 were down 71% year-on-year, largely due to volatility of the rouble which resulted in a foreign exchange loss. But operational results were strong with production falling only 1% this quarter, compared to 8% last quarter. Start-up of the Filanovsky and Pyakyakhinskoye fields, and an increase in drilling at its brown fields in Western Siberia have slowed declines in Russia. LUKOIL believes domestic production will return to 2015 levels by 2017. However, we estimate it will be 2018 before company-wide production recovers to 2015 levels.

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Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Reported Results Analysis report provides rapid response analysis on company quarterly results and strategy presentations. Use it to gain the upper hand with Wood Mackenzie's opinion on the latest corporate developments.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Q3 2016
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q2 2016
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q1 2016
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q4 2015
  • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q3 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Q2 2015
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Q1 2015
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Q4 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Q3 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q2 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Q1 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Other
  • Full year 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q3 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q2 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q1 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
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