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Finance

Russia's Lukoil says 2025 net loss tops 1 trillion roubles

Published by Global Banking & Finance Review

Posted on March 20, 2026

1 min read

· Last updated: April 1, 2026

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Russia's Lukoil says 2025 net loss tops 1 trillion roubles

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MOSCOW, March 20 (Reuters) - Russian oil major Lukoil said on Friday its 2025 net loss was at 1.06 trillion roubles ($12.42 billion) after a net income of 851.5 billion roubles in 2024. Company’s

Lukoil Reports Over 1 Trillion Rouble Net Loss and Revenue Drop in 2025

Financial Performance and Key Highlights

2025 Net Loss and Comparison to Previous Year

MOSCOW, March 20 (Reuters) - Russian oil major Lukoil said on Friday its 2025 net loss was at 1.06 trillion roubles ($12.42 billion) after a net income of 851.5 billion roubles in 2024.

Revenue Decline in 2025

Company’s revenue in 2025 fell to 3.8 trillion roubles, compared to 4.4 trillion roubles in 2024.

Dividend Recommendation

Lukoil also said its board recommended dividend of 278 roubles ($3.26) per share.

Exchange Rate Information

($1 = 85.3500 roubles)

Reporting and Editorial Credits

(Reporting by Reuters; Writing by Anastasia Teterevleva; Editing by Gleb Bryanski)

Key Takeaways

Lukoil swung to a massive 1.06 trillion rouble net loss in 2025, following a strong profit in 2024.
Revenue fell significantly, from 4.4 trillion to 3.8 trillion roubles year‑on‑year.
Despite the loss, the board recommends a robust dividend of 278 roubles per share.

References

Frequently Asked Questions

What was Lukoil's net loss in 2025?

Lukoil reported a net loss of 1.06 trillion roubles in 2025.

How did Lukoil's 2025 revenue compare to 2024?

Lukoil's revenue fell to 3.8 trillion roubles in 2025, down from 4.4 trillion roubles in 2024.

What dividend did Lukoil's board recommend for 2025?

Lukoil's board recommended a dividend of 278 roubles ($3.26) per share for 2025.

What was Lukoil's net income in 2024?

Lukoil had a net income of 851.5 billion roubles in 2024.

What is the exchange rate used in Lukoil's 2025 report?

Lukoil's 2025 report used an exchange rate of $1 = 85.3500 roubles.

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Russia's Lukoil says 2025 net loss tops 1 trillion roubles

Lukoil Reports Over 1 Trillion Rouble Net Loss and Revenue Drop in 2025

Financial Performance and Key Highlights