
Lukoil Profits Drop Nearly 30% in 2024 Amid Asset Losses, Higher Taxes
Russia’s second-largest oil producer, Lukoil, reported a 26.5% drop in net profit for 2024, citing asset impairment losses and increased deferred taxes. Lukoil posted a net profit of 848.5 billion rubles ($10.1 billion) last year, down from 1.1 trillion …