As explained in the press service, when calculating the total amount, shares owned by LUKOIL group organizations will not be taken into account.

It is noted that dividends will be paid twice a year, while the size of interim dividends will be calculated according to the consolidated financial statements for the six months.

The stock price of the company has updated the maximum since April against the backdrop of corporate news, according to the Moscow Exchange.

As of 16:15 Moscow time, they went up by 2.87% - up to 5762 rubles, previously they rose by 3%.

In September, LUKOIL topped the rating of 200 largest Russian private companies according to Forbes magazine. The oil giant's revenue in 2018 is estimated at 8 trillion 36 billion rubles.