LUKOIL Wednesday, December 15, 2021
<_a103a_updated style="display: none"> { 12/15/2021 5:35:58 PM }The Board of Directors of PJSC LUKOIL (hereinafter, the Company) held a meeting today to approve the Company's Strategic Development Programme for 2022-2031 (hereinafter, the Programme). The Programme stipulates balanced sustainable development of the Company with a focus on its hydrocarbon business.
The following strategic priorities have been determined: focus on investments into exploration and production projects in Russia, strong investment discipline, conservative financial policy, efficient capital distribution policy, cost control, enhancement of operational efficiency, adherence to the sustainable development principles.
The Company's climate strategy that was presented in March 2021 has been integrated into the Programme. The Company will strive to make maximum possible contribution to the achievement of global climate goal, primarily by reducing controlled greenhouse gas emissions.
The Programme is based on a conservative oil price scenario of $50 per barrel. Public presentation of the updated strategy is scheduled for March 11, 2022.
The Board of Directors also approved mid-term development plan for 2022-2024, which was prepared with the consideration of the Strategic Development Programme.
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PJSC "LUKOIL" (hereinafter, the Company and/or LUKOIL) announces the conclusion of the results of the Extraordinary General Shareholders Meeting (hereinafter, the EGM) held on December 2, 2021 in the form of absentee voting. The Company's shareholders approved the payment of interim dividends on the ordinary shares of PJSC "LUKOIL" based on the results of the first nine months of 2021 in the amount of RUB 340 per share.
PJSC LUKOIL today released its condensed interim consolidated financial statements for the three and nine month periods ended 30 September 2021, prepared in accordance with International Financial Reporting Standards (IFRS).
PJSC LUKOIL announces that the TPI (Transition Pathway Initiative) international climate rating has upgraded its assessment of the quality of the Company's carbon management system to level 3 (out of 4 possible).
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OAO Lukoil published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 14:38:05 UTC.
