Lukoil
PJSC Lukoil is a publicly listed integrated oil and gas company headquartered in Russia. In 2020, it had USD 20.69 billion in revenue and a reported 105,624 employees in 2019*. Lukoil is the second largest crude oil producer in Russia and its operations account for 1% of proven global oil reserves and 2% of global oil production. The company is inadequately prepared for the low-carbon transition.
- Ranking position
- #53 /100
- Total score
- 5.0 /100
- Performance score
- 2.1 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Lukoil receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. With no emissions reduction targets beyond 2020, the company is unlikely to achieve the rate of change required by its 1.5°C pathway. Although the company has plans to expand its renewable electricity generation, the increased proportion of gas in its fuel mix and its continued focus on increasing hydrocarbon production and refining volumes, demonstrates the company’s lack of commitment to the low-carbon transition.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Moscow, Russia
- Group revenue
- RUB 1,530.3 billion (USD 20.69 billion)
- Ownership structure
- Publicly listed
- Number of employees
- 105,624
- Scope of activity
- Fully integrated
- Website
- https://www.lukoil.com