Wednesday, August 8, 2018

Two Largest Russian Oil & Gas Cos With Big 4 CPA Firm Annual Audits and Quarterly Reviews Generated Blistering Earnings Growth So Far During the Trump Administration ........................................................................................

From Their Investor Relations Websites:

Lukoil Generated Annual Year Ended Dec 31, 2017 After-Tax Profit of Russian Rubles (RR) 420 Bil, Up 102% From Annual 2016's RR 208 Bil.

And Lukoil Posted 1Q Ended March 31, 2018 After-Tax Profit of RR 109.425 Bil, Up an Additional 75% From That in the 1Q 2017 of RR 62.684 Bil.  Lukoil Hasn't Released its June 2018 Quarter Earnings Yet.

Rosneft Generated Annual Year Ended Dec 31, 2017 After-Tax Profit of RR 297 Bil, Up 55% From Annual 2016's RR 192 Bil.

And Rosneft Posted First Half Ended June 30, 2018 After-Tax Profit of RR 351 Bil, Up an Off-the-Charts 281% From That in the First Half 2017 of RR 92 Bil.