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home / news releases / LUKOY - Lukoil: COVID-19 OPEC+ And New Taxes Will Reduce Its Earnings Power

LUKOY - Lukoil: COVID-19 OPEC+ And New Taxes Will Reduce Its Earnings Power

PJSC Lukoil ADR
  • Lukoil is one of Russia’s major oil producers.
  • The reintroduction of lockdowns along with the slow vaccination pace will lead to the slow recovery of the global economy, which will result in weaker demand for oil.
  • In addition, the implementation of a new tax policy along with OPEC+ restrictions will prevent Lukoil from significantly improving its earnings in the following quarters.
  • We believe that Lukoil is no longer an attractive investment in the Russian oil & gas field.

For further details see:

Lukoil: COVID-19, OPEC+, And New Taxes Will Reduce Its Earnings Power
Stock Information
Company Name: PJSC Lukoil ADR
Stock Symbol: LUKOY
Market: OTC
Website: lukoil.com
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