Boehly Backed for Lukoil Bid

Todd Boehly secured backing from the US government and Gulf investors to bid for Lukoil international assets. The Financial Times reported the development on Tuesday.

People walk past a logo of Lukoil during the annual energy industry event Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, November 3, 2025.

Billionaire Todd Boehly secured backing from the United States government and Gulf investors to bid for international assets belonging to Russia-based oil producer Lukoil. The consortium includes financiers with direct ties to the Trump family. The proposed transaction targets overseas operations held by the energy firm.

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