Lukoil mulls Treasury shares sale option
Russia's largest privately-owned oil producer hopes its new long-term strategy will help maintain its status as a market favourite
Lukoil remains a sweetheart among investors, due to its western-style management and its progressive dividend policy—it is regarded as the "consensus-long" bet amongst Russian stocks. But investors are keen to see fresh drivers for the company's growth and believe disposal of its treasury shares could be one promising avenue. The Treasury shares—issued ones that the firm holds itself—represent around 16% of the company's total equity and currently reside offshore in Cyprus. One option is to sell them on the stock market and raise funds for the implementation of large-scale projects, while a second option would be to distribute them among shareholders. "Despite positive governance changes at
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
