ConocoPhillips, the owner of an 18 percent stake in LUKoil at the end of the second quarter, estimates LUKoil net profit at 2.2 billion Euro in the second quarter, the US oil company said in a press release. “Net income was 387 million Euro, up from 249 million Euro in the previous quarter and 148 million Euro in the second quarter of 2005.
This included ConocoPhillips’ estimated 17.5 percent weighted-average equity share of LUKoil’s income for the second quarter, based on market indicators ...
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