LUKOIL announced earnings results for the first half of 2016. For the first half, the company decreased by 37% to RUB 105.392 billion from RUB 167.779 billion a year ago. Sales revenue decreased by 14% to RUB 2.517 trillion from RUB 2.917 trillion a year ago. EBITDA decreased by 7% to RUB 381.563 billion from RUB 417.387 billion a year ago. Capital expenses amounted to RUB 241.447 billion, free cash flow reached RUB 93.406 billion.