The Board of Directors of PJSC LUKOIL recommended that shareholders approve the payment of final dividends for 2024 in the amount of 541 rubles per ordinary share. This is stated in the company's message.
It is proposed to set June 3, 2025 as the date on which the persons entitled to receive dividends are determined.
The annual Shareholders' Meeting is scheduled for May 15, 2025. May 16, 2025 has been set as the date of the repeated annual meeting of shareholders, which will be held if the meeting does not take place due to lack of quorum.
The date for determining the persons entitled to participate in the meeting and the repeat meeting is April 21, 2025.
LUKOIL is one of the largest Russian oil companies and the second largest producer in terms of oil production in Russia. The company is engaged in the exploration, production and refining of oil and natural gas, as well as the sale of oil and petroleum products. The company is represented in 70% of Russian regions. The headquarters is located in Moscow (Russia) with offices in 30 countries.
PJSC LUKOIL's RAS net profit for 2023 decreased by 17% to 655.29 billion rubles from 790.12 billion rubles a year earlier. Profit before tax amounted to 738.2 billion rubles against 884.89 billion rubles (-16.6%). Revenue fell by 4.2% to 2.75 trillion rubles from 2.87 trillion rubles, gross profit — by 21.2% to 858.29 billion rubles from 1.089 trillion rubles.
LUKOIL's net profit under IFRS in 2023 amounted to 1.16 trillion rubles. Sales revenue (including excise taxes and export duties) reached 7.93 trillion rubles, operating profit — 1.43 trillion rubles, profit before income tax — 1.41 trillion rubles.
