Bloomberg News

Lukoil Shares Retreat as Fourth-Quarter Net Misses Estimates

March 01, 2012

Shares of OAO Lukoil slid in Moscow trading after Russia’s second-biggest oil producer said fourth- quarter net income dropped 39 percent to $1.35 billion compared with a year earlier, missing estimates.

The stock fell as much as 1.6 percent and traded down 0.3 percent at 1,870.50 rubles at the close in Moscow.

To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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