LUKOIL
The PJSC Lukoil Oil Company, based in Moscow, is a Russian international energy firm that specializes in the extraction, production, transportation, and sale of petroleum, natural gas, and petroleum products. Langepasneftegaz, Urayneftegaz, and Kogalymneftegaz, three state-owned western Siberian firms named for the towns they were situated in the Khanty–Mansi Autonomous Okrug, amalgamated in 1991. The acronym LUK (initials of the oil-producing cities of Langepas, Uray, and Kogalym) was combined with the English word "oil" to give it its name.
LUKOIL owns advanced refineries, gas processing plants, and petrochemical plants across Russia, Eastern and Western Europe, and nations in the region. The majority of the Company's output is sold on a global scale. Russia, Eastern and Western Europe, near-abroad countries, and the United States all sell LUKOIL petroleum products.
Lukoil is Russia's second-biggest firm, behind Gazprom, and the country's largest non-state enterprise (with revenues of ₽4,744 billion). Lukoil was listed as the 99th largest public corporation in the world in the Forbes Global 2000 in 2020. It is one of the world's largest crude oil producers on a global scale. In 2019, the firm produced 35.046 billion cubic meters of natural gas and 87.488 million tons of oil (1.639 million barrels per day). The corporation operates and has subsidiaries in more than 28 countries worldwide.
Founded: 1991
Headquarters: Moscow, Russia
Market Cap: 58.837B
Website: https://www.lukoil.com/
