Lukoil’s Net Profit Rises on Higher Oil Sales

Lukoil booked a net profit of $6.4 billion (590.2 billion Russian rubles) for the first half of 2024, up by 4.6% from a year earlier, on the back of higher sales volumes, the second-largest Russian oil producer said on Thursday. Lukoil’s net profit figure beat an average analyst estimate in a poll by the Russian news agency Interfax. Revenues from sales surged by 20% to $47.3 billion (4.333 trillion rubles) amid higher prices and increased sales. Operating profit and pre-tax profit at Lukoil also rose in the first half of the year. Despite…