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Lukoil SWOT Analysis

Published by MBA Skool Team in Energy & Power category Last Updated: October 11, 2023Read time:

Here is a detailed SWOT analysis of Lukoil covering strengths, weaknesses, opportunities and threats.

Lukoil Strengths

  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

Above are the strengths in the SWOT Analysis of Lukoil. 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.

Lukoil Weaknesses

  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

These were the weaknesses in the Lukoil SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.

Lukoil Opportunities

  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

Above we covered the opportunities in Lukoil SWOT Analysis. The opportunities for any brand can include prospects of future growth.

Read more about Lukoil

Lukoil Threats

  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

The threats in the SWOT Analysis of Lukoil are as mentioned above. The threats for any business can be external factors which can negatively impact its business.

Hence this concludes the Lukoil SWOT analysis.

About Lukoil

The table below gives the brand overview along with its target market, segmentation, positioning & USP

Lukoil Overview
Parent Company



Oil and Gas


Energy & Power

Tagline/ Slogan

Always moving forward


The largest privately owned oil & gas company in the world by proved oil reserves

Lukoil STP

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


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 which comprises of MBA students, management professionals, and industry experts. 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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