LUKOIL
- Company typePublic
- Founded1991
- HeadquartersMoscow, Russia
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
LUKOIL firmographics
Firmographics- Name
- LUKOIL
- Legal name
- PJSC LUKOIL
- Website
- https://lukoil.com
- Company type
- Public
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
LUKOIL industry classification
Industry- Product category
- Integrated Oil and Gas
- NAICS
- Petroleum Refineries (324110), Petroleum Refineries (32411), Petroleum Lubricating Oil and Grease Manufacturing (324191), Crude Petroleum Extraction (211120), Petrochemical Manufacturing (32511)
- SIC
- Petroleum Refining (2911), Crude Petroleum & Natural Gas (1311), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)
- akta.pro primary industry
- Crude Oil & Refined Products Trading & Marketing (EUAGAAAD)
- akta.pro secondary industries
- Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB), Lubricants Distribution & Wholesale (Bulk, Packaged, B2B) (EUALAJAE), Retail & E-commerce Lubricants Sales (Auto Parts, Quick Lube, Online) (EUALAJAF)
Keywords
Where LUKOIL is headquartered
LocationHeadquarters
- HQ city
- Moscow
- HQ country
- Russia
- HQ region
- Europe
Offices7 records
Markets served
LUKOIL business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations
Revenue model
- Upstream - Oil and Gas Production: Exploration and production of crude oil and natural gas across operations in Russia, Central Asia, Middle East, West Africa, and Americas. Revenue from sale of produced hydrocarbons on global markets.
- Downstream - Refining and Marketing: Refining crude oil into petroleum products (gasoline, diesel, jet fuel, etc.) and marketing through owned retail stations and wholesale channels across 19 countries.
- Petrochemicals: Production and export of petrochemical products to more than 30 countries worldwide.
- Power Generation: Generation and supply of heat and electric power through gas-fired power stations and renewable energy facilities in Russia, Bulgaria, Romania, and Austria.
- Lubricants and Specialty Products: Production and sale of branded engine oils and lubricants including LUKOIL GENESIS line through premium distribution channels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Commodity pricing - Oil and gas products sold at global market rates |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels7 records
LUKOIL product offering
Product offeringCore offering
LUKOIL is a vertically integrated oil and gas company engaged in the exploration and production of crude oil and natural gas (1.8 million boe/day in 2025, 12.7 billion boe proved reserves), refining of crude oil into petroleum products (66.2 million tonnes aggregate capacity), production of petrochemicals (exported to 30+ countries), manufacturing and sale of branded lubricants (LUKOIL GENESIS, ECTO, Eco EURO), power generation (gas, solar, wind, hydro), and wholesale and retail distribution of fuels through 1,000+ filling stations in 19 countries.
Product overview
LUKOIL is a vertically integrated oil and gas company offering a comprehensive portfolio of energy products and services. The core products include petroleum products, natural and liquefied petroleum gas, petrochemicals, aviation fuel, and marine fuel/lubricants. The company operates retail filling stations and wholesale distribution networks. Branded fuel products include ECTO Fuel, LUKOIL GENESIS (lubricants), and Eco EURO Fuel. LUKOIL also has power generation assets including solar, wind, and hydroelectric facilities. The company operates refineries in Russia (Perm, Volgograd, Nizhny Novgorod, Ukhta) and Europe (Romania, Bulgaria), with a 45% interest in a Dutch refinery. Total aggregate refining capacity is 66.2 million tonnes.
Differentiator
Problem solved
Functional benefit
Brands
- ECTO Fuel: Production line of innovation fuels compliant with all industry standards
- LUKOIL GENESIS
- Eco EURO fuel
Products and services
- ECTO Fuel
Quantifiable outcome
- Second-largest oil producer in Russia with 15.1% of Russia's total production
- +3 more outcomes
Companies that use LUKOIL
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles5 records
LUKOIL technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
LUKOIL partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- Gazprom NeftcoreStrategic partnership agreement signed covering cooperation across hydrocarbon exploration, production, processing, and marketing through 2030.
- Gazprom NeftcoreJoint venture created to develop large oil and gas cluster in Yamal-Nenets Autonomous District. Lukoil acquired 50% of Meretoyakhaneftegaz LLC for RUB 52 billion.
- ADNOC (Abu Dhabi National Oil Company)minorLukoil acquired 5% interest in Ghasha concession in UAE (ADNOC 55% operator, ENI 25%, Wintershall 10%, OMV 5%). Development of nine offshore fields.
- Eni (Mexico Joint Venture)minorConsortium with Eni for Mexico Block 28 (Lukoil 25%, Eni 75% operator) and farm-out arrangement for Blocks 10 and 12 in Mexico shallow waters.
- INPEX CorporationminorJoint venture for Block 10 exploration in Iraq (Lukoil 60% operator, INPEX 40%). Eridu field discovery with over 1,000 cubic meters per day oil production.
- BashneftminorJoint venture established to develop R. Trebs and A. Titov oil fields in Nenets Autonomous region. Lukoil share 25.1%.
- Chevron CorporationcoreJoint venture partner at Karachaganak oil and gas field (13.5% stake) and Tengiz field (5% via Lukarco). Also engaged in West Qurna-2 transition where Chevron is taking over operations from Lukoil in Iraq.
- ShellcoreJoint venture partner at Karachaganak field (29.25% stake, co-operator) and CPC pipeline (2% stake). Long-standing international partnership.
- EnicoreJoint venture partner at Karachaganak field (29.25% stake, co-operator) and CPC pipeline (2% stake). Active in international projects.
- KazMunayGascoreNational oil company of Kazakhstan, partner at Karachaganak (10% stake) representing Kazakhstan's interests in major hydrocarbon projects.
- BP (British Petroleum)coreOperator of Shah-Deniz gas-condensate field in Azerbaijan where Lukoil holds 19.99% equity stake. Pipeline exports gas to Europe via TAP.
- TransneftcoreManaging interest in Caspian Pipeline Consortium (31% via Russian government). Pipeline runs from Tengiz to Novorossiysk with over 1.5 million km length.
- ExxonMobilcorePartner at Tengiz project (25% stake) and CPC pipeline (7.5% stake). Major international collaboration for Kazakhstan oil development.
Scale indicators14 records
Recent moves9 records
Expansion highlights5 records
LUKOIL competitors and assessment
Company assessmentBroad incumbents
- Eni: Integrated IOC and JV partner at Karachaganak (29.25%), CPC (2%), Mexico shallow-water blocks, and the UAE Ghasha concession (25%). Closely comparable as a mid-tier IOC with strong Mediterranean/Caspian/Middle East overlap with LUKOIL.
- TotalEnergies: Global IOC with comparable vertically integrated upstream-to-retail operations including lubricants (TotalEnergies/Elf brand), refining, and petrochemicals. Useful benchmark for integrated IOC unit economics and European downstream exposure.
- BP: Operator of the Shah-Deniz gas-condensate field where LUKOIL holds 19.99%. Comparable as a supermajor IOC with global E&P portfolio and significant Caspian exposure that has actively restructured Russian holdings.
- Shell: Global IOC and co-operator with 29.25% at Karachaganak and 2% in CPC. Comparable as a diversified IOC that has progressively divested Russian joint-venture stakes, providing a template for the strategic repositioning LUKOIL is undergoing.
- ExxonMobil: Global IOC and LUKOIL JV partner at Tengiz (25%) and CPC pipeline (7.5%); a benchmark peer for supermajor scale, IOC economics, and integrated upstream/downstream/chemicals portfolio.
- Chevron: Global IOC, JV partner at Karachaganak (13.5%) and Tengiz (5% via Lukarco), and the operator taking over West Qurna-2 from LUKOIL. Comparable as a major IOC with Caspian and Middle East exposure.
Direct peers
- Rosneft: Russia's largest state-controlled oil producer and the most direct domestic peer to LUKOIL across upstream, refining, and retail. Also sanctioned by the US, making it the closest comparator for navigating the post-sanctions Russian operating environment.
- Gazprom Neft: Oil arm of Gazprom and an active JV partner with LUKOIL at Meretoyakhaneftegaz and on a 2030 strategic cooperation agreement. Operates across the same Russian upstream/downstream value chain with overlapping customer segments and refining footprint.
- Tatneft: Major Russian vertically integrated oil company with upstream production, refining (TAIF complex in Tatarstan), and petrochemical operations. Comparable in vertical integration and exposure to Russian domestic markets.
- Surgutneftegas: One of Russia's largest oil producers focused on Western Siberia, with significant refining capacity and a fully integrated upstream-to-retail model. Closely comparable in cost-efficient brownfield operations and Russian market exposure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
LUKOIL social profiles
Digital presenceLUKOIL compliance and trust
Trust signalCompliance5 records
LUKOIL financial estimates
Financial estimateRevenue estimate
Valuation estimate
LUKOIL leadership team
Management profileNumber of profiles
Profiles3 records
LUKOIL subsidiaries and ownership
Company hierarchySubsidiaries10 records
LUKOIL funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LUKOIL M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LUKOIL
What does LUKOIL do?
LUKOIL is a vertically integrated oil and gas company engaged in the exploration and production of crude oil and natural gas (1.8 million boe/day in 2025, 12.7 billion boe proved reserves), refining of crude oil into petroleum products (66.2 million tonnes aggregate capacity), production of petrochemicals (exported to 30+ countries), manufacturing and sale of branded lubricants (LUKOIL GENESIS, ECTO, Eco EURO), power generation (gas, solar, wind, hydro), and wholesale and retail distribution of fuels through 1,000+ filling stations in 19 countries.
Is LUKOIL a public or private company?
LUKOIL is a public company. It is classified as public and is currently operating.
When was LUKOIL founded?
LUKOIL was founded in 1991. It employs 5,001 to 10,000 people.
Where is LUKOIL based?
LUKOIL is headquartered in Moscow, Russia, in the Europe region.
How does LUKOIL make money?
Five revenue lines are on record. Upstream - Oil and Gas Production is the primary driver. The others are downstream - Refining and Marketing, petrochemicals, power Generation and lubricants and Specialty Products.
Who are LUKOIL's main competitors?
Broad incumbents on record are Eni, TotalEnergies, BP, Shell, ExxonMobil and Chevron. Direct peers are Rosneft, Gazprom Neft, Tatneft and Surgutneftegas.
Does LUKOIL have an API?
No public API is recorded for LUKOIL.
What industry is LUKOIL in?
LUKOIL's product category is Integrated Oil and Gas. Its primary akta.pro industry code is EUAGAAAD, Crude Oil & Refined Products Trading & Marketing, with a secondary code of EUALAIAB, Branded Fuels Wholesaling & Jobber Distribution. Its NAICS code is 324110 and its SIC code is 2911.