Published by MBA Skool Team, Last Updated: April 12, 2020
SWOT analysis of Lukoil analyses the brand by its strengths, weaknesses, opportunities & threats. In Lukoil SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Lukoil to benchmark its business & performance as compared to the competitors. Lukoil is one of the leading brands in the energy & power sector.
The table below lists the Lukoil SWOT (Strengths, Weaknesses, Opportunities, Threats), top Lukoil competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
The largest privately owned oil & gas company in the world by proved oil reserves
Corporates, countries looking to fulfill energy needs and individuals
Enterprises looking to produce energy, people who depend on petrol, diesel for vehicles and gas for domestic uses in more than 20 countries
International company for exploration and production of crude oil ,natural gas and production and marketing of petroleum products
SWOT Analysis of Lukoil
Below are the Strengths in the SWOT Analysis of Lukoil:
1.One of the world's leading vertically integrated oil and gas companies accounting for substantial part of global output of crude oil
2.The company has operations in more than 40 countries around the world and employs more than 150,000 people
3.Strong refining operations with total capacity of 45+ mtpa across Russia
4.Leader on Russian and international markets in its core business
5.Innovation and the application of new technologies are among the main competitive strengths
Here are the weaknesses in the Lukoil SWOT Analysis:
1.Heavy dependence upon Transneft's pipeline system
2.Lukoil cannot export the gas which it produces, since Gazprom has a monopoly on gas exports and owns the gas transport system
Following are the Opportunities in Lukoil SWOT Analysis:
1.Partnership agreement to develop clean energy sources
2.Rights to develop the West Qurna-2 field in Iraq
3.Joint venture with Bashneft Oil Company for development of Trebs and Titov oil fields
4.Development of a gas processing plant
The threats in the SWOT Analysis of Lukoil are as mentioned:
1.Fluctuations in crude oil and natural gas prices
2.Environmental risks and stringent requirements on carbon dioxide (CO2) emissions or the need to clean up possible industrial accidents could have a substantial negative effect on the financial indicators
3.The natural gas business is seasonal and dependent on weather conditions in the service areas
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Lukoil. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.
The brand names and other brand information used in the SWOT Analysis section are properties of their respective companies. The companies are not associated with MBA Skool in any way. Edit the brand or add a new one to SWOT Analysis section : Contribute