The PJSC Lukoil Oil Company is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and electricity. It was formed in 1991 when three state-run, western Siberian companies merged. The original companies were named after their respective towns in Khanty–Mansi Autonomous Okrug that each was based in; Langepasneftegaz, Urayneftegaz, and Kogalymneftegaz. Its new name is the combination of the acronym LUK and the English word "oil".

Vagit Yusufovich Alekperov is a Russian–Azerbaijani businessman. He was the President of the oil company Lukoil from 1993 until 2022. As of 16 April 2021, according to Bloomberg Billionaires Index by Bloomberg L.P., Alekperov has an estimated net worth of US$19.6 billion, making him the ninety-fourth wealthiest person in the world and the fifth in Russia. Alekperov previously owned a 36.8% stake in football club Spartak Moscow. Fellow former Spartak owner Leonid Fedun is Akelperov's close associate. Alekperov also owned superyacht builder Heesen Yachts until 2022.