“Lukoil” became unprofitable for the first time in the company’s 30-year history
“Lukoil”, the largest private oil company in Russia, recorded a net loss of 1.059 trillion rubles in 2025, according to IFRS-based financial statements published on Friday. This is the first time in its three-decade history that the company owned by billionaire Vagit Alekperov has ended the year in the red. In the past, the company,…
