MW: Russian oil giant Lukoil reports fourth-quarter net loss
Russian oil giant Lukoil reported Tuesday that its 2008 fourth-quarter net income fell by $1.62 billion compared with a year earlier. The company also said that its net income for 2008 as a whole declined 3.9% to $9.14 billion compared with $9.5 billion a year ago. U.S. oil giant ConocoPhillips has a 20% ownership interest in Lukoil.
