PJSC Lukoil (MIC:LKOH) Retained Earnings : ₽1,601,186 Mil (As of Sep. 2023)

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What is PJSC Lukoil Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PJSC Lukoil's retained earnings for the quarter that ended in Sep. 2023 was ₽1,601,186 Mil.

PJSC Lukoil's quarterly retained earnings increased from Mar. 2023 (₽1,370,172 Mil) to Jun. 2023 (₽1,426,117 Mil) and increased from Jun. 2023 (₽1,426,117 Mil) to Sep. 2023 (₽1,601,186 Mil).

PJSC Lukoil's annual retained earnings increased from Dec. 2020 (₽772,200 Mil) to Dec. 2021 (₽1,025,005 Mil) and increased from Dec. 2021 (₽1,025,005 Mil) to Dec. 2022 (₽1,265,884 Mil).

PJSC Lukoil Retained Earnings Historical Data

The historical data trend for PJSC Lukoil's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PJSC Lukoil Retained Earnings Chart

PJSC Lukoil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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3,963,628.00

4,203,138.00

772,199.94

1,025,004.79

1,265,884.44

PJSC Lukoil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															1,673,021.49	1,265,884.44	1,370,171.64	1,426,117.14	1,601,186.50

PJSC Lukoil Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

PJSC Lukoil (MIC:LKOH) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

PJSC Lukoil (MIC:LKOH) Business Description

Industry

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Address

11, Sretensky Boulevard, Moscow, RUS, 101000

Website

https://www.lukoil.com

PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.

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