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4Q 2020 FINANCIAL AND OPERATING RESULTS

  • Higher oil prices, weaker rouble, positive export duty lag effect

  • Operating results: higher oil and gas production, lower refined products output due to low demand driven by ongoing COVID-19 pandemic

  • Increased efficiency: growing share of high-margin volumes in hydrocarbon production, high investment discipline

  • Strong financial results: positive free cash flow in substantial global hydrocarbon demand decline environment

  • Dividend payment in the amount of RUB 32 billion

ANNUAL REPORTS

IR-RELEASES

RELATED

MOEX: LKOH

LSE: LKOD

​Alexander Palivoda​
Head of Investor Relations​