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Lukoil is one of Russia's largest oil companies. It is also one of the largest producer of oil. In 2012, the company produced 89.856 million tons of oil (1.813 million barrels) per day. Headquartered in Moscow, Lukoil is one of the largest Public companies (next to ExxonMobil) in terms of proven oil and gas reserves. In 2008, the company had 19.3 billion barrels of oil equivalent per SPE standards. This amounts to some 1.3% of global oil reserves. The company has operations in more than 40 countries around the world.