Company has strong financial results and we can even suppose that dividends for the 24th year will amount to about 1000 rubles.

Historical dividends with their linear approximation are on

Figure 1.

Lukoil's ascent to the financial Olympus began simultaneously with the devaluation of the ruble.

Thus, further success also depends on this.

Strict FCF and dividends have not diverged much, which means that the risks are normal.

Figure 2.

The company is evaluated  quite well, but the further movement of quotations, as I have already said, depends on the ruble exchange rate, taxes and the key rate of the Central Bank.

Figure 3.