Abstract: the article discusses the activities of the Russian oil and gas corporation – PJSC «Lukoil». The corporation business model based on the principle of vertical integration is presented. The main segments of the activities of PJSC Lukoil, namely, Exploration and Production, Processing, Trade and Sales, are considered. The key performance indicators (EBITDA, hydrocarbon production / oil refining costs, unit costs of hydrocarbon production / oil refining) for each segment of PJSC Lukoil’s activity were identified and analyzed. The financial performance indicators of PJSC Lukoil are considered, namely sales revenue (including excise taxes and export duties), operating profit, pre-tax profit, income tax, net profit. The data on earnings per ordinary share of PJSC Lukoil in 2017-2018 are presented, which show that basic earnings per ordinary share increased in 2018 by 285.33 rubles compared to 2017. (48.4%), diluted earnings per ordinary share also increased in 2018 and amounted to 865.19 rubles. (+276.05 rubles or 47%). The analysis of cash flows and capital costs of PJSC Lukoil is carried out, the dynamics of cash flows for core, investment and financial activities is considered. It is concluded that PJSC Lukoil, being a large and dynamically developing oil and gas corporation in our country, is effectively developing its activities, which is reflected in the annual increasing operational and financial performance of the company.
Keywords: PJSC Lukoil, oil, operations, financial activities, vertical integration, business