Financial results YUKOS under the standards US GAAP for the third quarter, страница 2

The realization of petroleum on export to near and distant foreign countries, including sale of the acquired petroleum, in the third quarter of 2002 has made 10,1 million tons (74 million barrel), that on 34,3 % is more than a similar parameter for the third quarter of 2001. For first nine months of 2002 the realization of petroleum on export to near and distant foreign countries, including sale of the acquired petroleum, has made 26,5 million tons (194 million barrel), that on 15,5 % is more than a parameter for the similar period of 2001. Volume of realization of own petroleum YUKOS on export has made 55,4 % from volume of production in the third quarter of 2002 and 51,7 % from volume of production for first nine months of 2002.

The realization of petroleum on export in the third quarter of 2002 has made 3,1 million tons in comparison with 3,2 million tons in the third quarter of 2001. The realization of petroleum on export for first nine months of 2002 has made 7,9 million tons in comparison with 7,6 million tons for first nine months of 2001. Volume of sales of petroleum on a home market in the third quarter of 2002 has made 4,4 million tons in comparison with 4,5 million tons in the third quarter of 2001. For first nine months of 2002 volume of sales of petroleum on a home market has grown up to 13,7 million tons in comparison with 12,5 million tons for the similar period of 2001.

The export prices for petroleum - key factor influencing volume of the proceeds of the company, - have increased in the third quarter of 2002 both in comparison with the second quarter of 2002, and with the third quarter of 2001. The average price of realization of petroleum for export to distant foreign countries in the third quarter of 2002 has made 187,48 dollars. USA for ton (25,65 dollars. USA for barrel), that on 7,6 % is higher in comparison with a level 174,16 dollars. USA for ton (23,83 dollars. USA for barrel) in the third quarter of 2001. In the third quarter of 2002 the average price of realization of petroleum for export has made 178,01 dollars. USA for ton, that on 6,6 % is higher than a level 166,98 dollars. USA for ton in the appropriate period of 2001. In the third quarter of 2002 the average price of realization of petroleum on a home market has made 178,40 dollars. USA for ton, that on 17,8 % is higher in comparison with 151,46 dollars. USA for ton in the appropriate period of 2001.

Despite of improvement of a price conjuncture in the third quarter of 2002, the average prices of realization of petroleum and petroleum for first nine months of 2002 have appeared below average similar parameters of the appropriate period of 2001. The average price of realization of petroleum in distant foreign countries for first nine months of 2002 has made 169,85 dollars. USA for ton (23,23 dollars. USA for barrel), that on 3,2 % is lower than a level 175,45 dollars. USA for ton (24,00 dollars. USA for barrel) for the appropriate period of 2001. For first nine months of 2002 the average price of realization of petroleum for export has made 168,07 dollars. USA for ton, that on 6,2 % is lower than a parameter 179,17 dollars. USA for ton in the appropriate period of 2001. For first nine months of 2002 the average price of realization of petroleum on a home market has made 138,15 dollars. USA for ton, that on 12,0 % is lower in comparison with 156.92 dollars. USA for ton in the appropriate period of 2001.

Growth of the proceeds on 30,1 % in III sq. 2002 in comparison with III sq. 2001 at the expense of increase of volumes of realization and improvement of a price conjuncture. Decrease(reduction) of parameters of profitability at the expense of growth tax, transport, economic and administrative charges

In the third quarter of 2002 as a result of increase of volumes of realization and improvement of a price conjuncture the proceeds from realization and the other incomes received from the basic activity, have increased by 30,1 % up to a level 3,378 billion dollars. USA in comparison 2,596 billion dollars. USA for the similar period of 2001. The proceeds from realization and the other incomes received from the basic activity, for first nine months of 2002 have made 7,949 billion dollars. USA in comparison with 7,530 billion dollars. USA for first nine months of 2001.