Forecast: In Q1, Lukoil reduced its net profit under US GAAP by 19.5% to $2.077 billion

According to the consensus forecast, made by the RIA Novosti by results of a survey of analysts, in the first quarter, the net profit of the largest Russian private oil company Lukoil under US GAAP decreased by 19.5 % as compared with the previous year to about $2.077 billion.

According to analysts, in the previous quarter, the Lukoil’s proceeds grew by 4.6 % to $35.323 billion. Lukoil will publish its accounting under US GAAP for the first quarter on Thursday, May 29th.

The maximum forecast of the net profit in the first quarter was made by analysts of RIA Rating - 2.407 billion, the minimal one - by analysts of Raiffeisen Bank ($1.659 billion).

In the first quarter, forecasts for the Lukoil’s net profit (in billions dollars) are as follows: