(Finance) – LUKoilthe largest Russian oil company, registered in the 2021 a Net income of 773.4 billion rubles (6.9 billion dollars), fifty times more than the previous year thanks to the rally in the price of oil. The profit of the fourth quarter in 2021 it was 233.8 billion rubles, a new record for the company. The free cash flow reached 693.6 billion rubles in 2021, the second highest in at least seven years.
LUKoil then follows Rosnefta major oil company owned by the Russian government, e Gazproma Russian energy company also partially controlled by the state, in reporting great results in 2021. The three companies are collapsed these days on the London stock exchange (the one in Moscow has been closed since the beginning of the week), almost zeroing its value since the beginning of the year.