Lukoil SWOT Analysis

Lukoil SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of Lukoil, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

Lukoil is one of the leading brands in the energy & power sector. The article below lists the Lukoil SWOT and includes its target market, segmentation, positioning & USP.

Let us start the SWOT Analysis below:

Lukoil Strengths

The strengths of Lukoil looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.

A list of strengths is mostly the starting point in a SWOT analysis. 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

Lukoil Weaknesses

The weaknesses of a brand are certain aspects of its business which it can improve. 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

Lukoil Opportunities

The opportunities for any brand can include prospects of future growth. 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

Lukoil Threats

The threats for any business can be external factors which can negatively impact its business. 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

Hence this concludes the Lukoil SWOT analysis.

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About Lukoil

Lukoil Overview
Parent Company	Lukoil
Category	Oil and Gas
Sector	Energy & Power
Tagline/ Slogan	Always moving forward
USP	The largest privately owned oil & gas company in the world by proved oil reserves
Lukoil STP
Segmentation	Corporates, countries  looking to fulfill energy needs and individuals
Target Market	Enterprises  looking  to produce energy, people who depend on  petrol, diesel  for vehicles and  gas for domestic uses in more than 20 countries
Positioning	International company for exploration and production of crude oil ,natural gas and production and marketing of petroleum products

 

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.

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