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MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  NK Lukoil PAO    LKOH   RU0009024277

NK LUKOIL PAO

(LKOH)
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Russia's Lukoil: wrong to deepen oil production cuts in winter

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12/03/2019 | 04:26am EST

Vagit Alekperov, Chief Executive Officer of Russia's No.2 oil Producer Lukoil said it would not be expedient to deepen global oil production cuts in the winter season, especially for Russia.

His comments, recorded last week, were aired on Tuesday, just days before the OPEC and other leading oil producers, including Russia, meet in Vienna to discuss their further joint actions on the global oil market.

Alekperov said that Russia would be able to restore oil production at the wells, voluntarily stopped as part of the efforts to curb output, "only in six months" due to harsh winter conditions.

He said that the current oil price of around $63-$64 per barrel is suitable both for producers and consumers, reiterating that he hoped that OPEC and its allies convene again in March, before the current deal expires.

(Reporting by Maria Kiselyova; writing by Vladimir Soldatkin; editing by Louise Heavens)

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.55% 63.78 Delayed Quote.16.84%
NK LUKOIL PAO End-of-day quote.
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.16% 63.7121 Delayed Quote.-8.06%
WTI -0.59% 58.54 Delayed Quote.28.48%
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Financials (USD)
Sales 2019 120 B
EBIT 2019 12 611 M
Net income 2019 10 076 M
Finance 2019 136 M
Yield 2019 7,24%
P/E ratio 2019 7,02x
P/E ratio 2020 7,78x
EV / Sales2019 0,53x
EV / Sales2020 0,54x
Capitalization 63 801 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 100,34  $
Last Close Price 97,72  $
Spread / Highest target 17,7%
Spread / Average Target 2,68%
Spread / Lowest Target -49,9%
EPS Revisions
Managers
NameTitle
Vagit Yusufovich Alekperov President, Chief Executive Officer & Director
Valery Isaakovich Grayfer Chairman
Ravil Ulfatovich Maganov Vice Chairman & First Executive Vice President
Lyubov Nikolayevna Khoba Director, Chief Accountant & Vice President
Victor Vladimirovich Blazheev Director
Sector and Competitors
1st jan.Capitalization (M$)
NK LUKOIL PAO63 829
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TOTAL3.84%139 590
PETROCHINA COMPANY LIMITED-25.88%139 458
PETRÓLEO BRASILEIRO S.A. - PETROBRAS33.95%97 886
GAZPROM PAO--.--%88 892