LUKOY News and Press, PJSC Lukoil ADR

PJSC Lukoil ADR (LUKOY) is expected to report for Q4 2022

2024-04-10 06:01:29 ET Summary Back in September of last year, I outlined a possibility that Lukoil may initiate a buyback program for non-Russian investors. Many months later, the company still stays silent on the matter. I still think that the buyback may be announced later ...

2023-09-01 02:58:22 ET Summary Lukoil plans to buy back up to 25% of its shares from non-residents with a 50% discount. The buyback request is likely to be approved, as seen with a similar offer from Magnit. Non-Russian investors should consider selling their positions in Luko...

Summary Brent futures and WTI crude have fallen over 8.5% since my article “What Awaits The Oil And Gas Industry In 2023” was published. Following the results of an excellent year for the oil and gas industry in 2022, Exxon Mobil plans to send up to $50 billion in a share ...

Summary At the most conservative valuation for Aker ASA, it trades substantially below the sum-of-parts valuation of its public and private holdings as an investment/industrial company. Every single one of its affiliated businesses are either backed by infrastructural or at least pseudo...

Summary Global economic uncertainty continues to be high, and downside risks are rising in most Asian and European countries due to the inability to fight inflation effectively despite ongoing monetary tightening. Given the sanctions imposed, Russian oil and gas companies have practical...

Lukoil ( OTC:LUKOY ) ( OTC:LUKFY ) and U.S. private equity firm Crossbridge are near a deal to sell the Russian group's refinery in Sicily for less than €1.5B (~$1.58B), Reuters reported Thursday. The Lukoil-owned site in Sicily refines 20% of Italy's crude, but the refiner...

The chairman of Russian oil producer Lukoil ( OTC:LUKOY ), Ravil Maganov, has died after falling from a window in a Moscow hospital, Russian news agencies reported Thursday. Maganov, who was in a hospital after a heart attack, committed suicide, the Tass news agency said. ...

Since the invasion, my funds in Russia have been frozen. I don’t believe central banks really have the will to have very high levels of bankruptcy/unemployment/social conflict. The main concern with oil/gas companies is that the managements insist on reinvestment/growth and...

Harding Loevner has been investing globally in high-quality, growing businesses based on disciplined industry research since 1989. Stock markets fell in the quarter, as the world watched in horror Russia’s invasion of Ukraine. While we are optimistic that China will maintai...