Lukoil Profits Drop Nearly 30% in 2024 Amid Asset Losses, Higher Taxes

Analysts attributed the profit decline to billions in deferred tax liabilities after Russia imposed a 25% corporate income tax rate starting in 2025.

Mar 26, 2025 - 03:15
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Lukoil Profits Drop Nearly 30% in 2024 Amid Asset Losses, Higher Taxes
Analysts attributed the profit decline to billions in deferred tax liabilities after Russia imposed a 25% corporate income tax rate starting in 2025.

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