Lukoil Offers Something Its Giant Rival Can’t: Rising Dividends

Investing in Russian oil has become a choice between cash or glory, and Lukoil PSJC looks like the richer side of the bet. Russia’s second-largest oil producer has watched as state-run rival Rosneft PJSC came to command the nation’s industry — first by winning control of Yukos’s best assets a decade ago, then the $54 billion acquisition of TNK-BP in 2013, and finally last year’s purchase of Bashneft PJSC.