Lukoil

Sector

Energy

Headquarters

Moscow, Russia

Official Website

lukoil.com

Wikipedia

Lukoil

Climate Policy Engagement Analysis

Climate Policy Engagement Overview: Lukoil appears to have limited engagement with specific climate-related policies in 2022 to 2024. The company continues to support a continued role for oil and gas in the energy mix, and retains membership to a number of industry associations that advocate for a continued role for fossil fuels into the future.

Top-line Messaging on Climate Policy: Lukoil appeared to have limited top-line communications on climate policy in 2022 to 2024. Lukoil recognized some of the links between human activities, methane emissions and climate change impacts in its 2022 Sustainability Report, published in July 2023. However, the company did not support GHG emissions reductions in line with the IPCC in its 2021 Sustainability Report, published in July 2022, and in its 2023 annual report, published in April 2024, the company appeared to use the Paris Agreement as a benchmark for its own emissions reductions targets, but did not clearly support the climate deal.

Engagement with Climate-related Regulations: Lukoil appears to have limited transparent engagement with specific regulations in recent years. The company has stated in its 2023 Sustainability Report, published in July 2024, that it has engaged with policymakers on issues in Russia, but the company does not give details of its engagement nor the outcomes sought by the company.

Positioning on Energy Transition: Lukoil appears to have limited engagement on the transition of the energy mix in 2022-2024 but appears to support a continued role for fossil fuels. In its 2022 Sustainability Report, published in July 2023, the company appeared to support the new production of oil and gas. In its 2023 Sustainability Report, published in July 2024, the company again continued its support for the role of oil and gas in the energy mix. In a Lukoil earnings call in March 2021, a company representative stated that fossil fuels will not be fully discontinued and that new investments are needed in the oil industry, and also emphasized the risk of phasing-out fossil fuels in the short term. Lukoil CEO Vagit Alekperov also stated that the ambition to phase out fossil fuels is increasing the risk of price shocks and energy shortages in a December 2021 report.

Industry Association Governance: Lukoil does not appear to have disclosed a list of industry association memberships, and the company has not published a review of its alignment with industry associations on climate policy. Lukoil is a member FuelsEurope and Asociación Mexicana de Empresas de Hidrocarburos (AMEXHI), both of which appear to advocate a continued role for fossil fuels.

Additional Note: Lukoil is headquartered in Russia, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of Lukoil's climate policy engagement activities, these scores should be considered provisional at this time.

This summary was last updated in Q2 2025.

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InfluenceMap Score for Climate Policy Engagement

D-

Performance Band

43%

Organization Score

48%

Relationship Score

8%

Engagement Intensity

Primary Evidence

All primary evidence used to inform the analysis of Lukoil can be found in the two tabs below below. In the first tab, hyperlinks in each cell of the matrix provide access to evidence collected on Lukoil's direct policy engagement activities. The second tab provides a record of any links between Lukoil and the Industry Associations stored in the LobbyMap database.

DATA SOURCES
QUERIES
Main Web Site

Main Web Site

Corporate Media

Corporate Media

CDP Responses

CDP Responses

Direct Consultation with Governments

Direct Consultation with Governments

Media Reports

Media Reports

CEO Messaging

CEO Messaging

Financial Disclosures

Financial Disclosures

Communication of Climate Science

1NSNANSNSNSNS

Alignment with IPCC on Climate Action

0NSNSNSNSNSNS

Supporting the Need for Regulations

NSNSNSNSNSNSNS

Support of UN Climate Process

0NS1NSNS0NS

Transparency on Legislation

-1NA-2NANANANS

Carbon Tax

0NSNA-1NSNSNS

Emissions Trading

0NS0-1NSNSNS

Energy and Resource Efficiency

NSNSNSNSNSNSNS

Renewable Energy

0NS1NSNSNSNS

Energy Transition & Zero Carbon Technologies

-1-2-1NSNS-1-2

GHG Emission Regulation

0NSNSNSNSNSNS

Disclosure on Relationships

-2NS-2NANANANS

Land Use

1NSNSNSNSNSNS

Strength of Relationship

STRONG
 
 
 
 
 
 
 
WEAK