LUKOIL is one of the largest public vertically integrated oil and gas companies in the world in terms of proven hydrocarbon reserves. As of December 31, 2016, under the standards of the Securities and Exchange Commission of the United States, they left 16.4bn barrels. (Oil - 12.5bn barrels, gas - 23.5tn cubic feet). The Group's reserves are predominantly traditional. Daily production of hydrocarbons in 2016 amounted to 2.2mn barrels, while liquid hydrocarbons accounted for about 85% of the volume of production.
The main activities of PJSC "LUKOIL" and its subsidiaries are the exploration, the production, the processing and the sale of oil and oil products.
The group’s activities can be divided into three main operating segments:
-Exploration and Production - exploration and development of oil and gas fields and production of oil and gas in the Russian - -Federation, as well as in Azerbaijan, Kazakhstan, Uzbekistan, the Middle East, North and West Africa, Norway, Romania and Mexico.
-Refining, Trading and Marketing – processing; transportation and sale of oil, natural gas and products of their processing; petrochemicals; generation, transportation and sale of electricity and heat; as well as related services.
-Corporate Center and Others - operations related to the head office (which coordinates the activities of the Group companies), financial transactions, diamond mining and some other activities.
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