Earnings Report /

Lukoil: Cash on the barrelhead in shifting macro

  • We resume our coverage of Lukoil (LKOH RX, O/W) with an Overweight recommendation

  • The company is well-positioned to enjoy a tangible rebound in refining margins

  • Set to rebound in early 2023, we expect the oil price to drive Lukoil’s stock performance

Nikita Blokhin
Nikita Blokhin

Senior Analyst, Oil & Gas

21 December 2021
Published by