Last 174.20 NOK
Change Today +1.80 / 1.04%
Volume 2.5M
As of 10:25 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

statoil asa (STL) Snapshot

Open
172.50 NOK
Previous Close
172.40 NOK
Day High
174.40 NOK
Day Low
172.30 NOK
52 Week High
06/24/14 - 195.90 NOK
52 Week Low
08/22/13 - 127.30 NOK
Market Cap
555.5B
Average Volume 10 Days
2.7M
EPS TTM
20.33 NOK
Shares Outstanding
3.2B
EX-Date
11/14/14
P/E TM
8.6x
Dividend
7.20 NOK
Dividend Yield
4.13%
Current Stock Chart for STATOIL ASA (STL)

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statoil asa (STL) Details

Statoil ASA, an integrated energy company, is engaged in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company is involved in the exploration, development, and production of crude oil and natural gas, as well as extraction of natural gas liquids in 44 assets in the North Sea, the Norwegian Sea, and the Barents Sea. It also transports, markets, and trades crude oil, natural gas liquids, and refined products, including methanol; and operates, maintains, and develops gas processing plants. In addition, the company develops offshore wind-farms in Northwestern Europe; and develops solutions for carbon capture and storage plant located in Mongstad. It has proved reserves of approximately 5,600 million barrels of oil equivalent. The company was formerly known as StatoilHydro ASA and changed its name to Statoil ASA in November 2009. Statoil ASA was founded in 1972 and is headquartered in Stavanger, Norway.

Founded in 1972

statoil asa (STL) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 11.0M NOK
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: 4.1M NOK
Executive Vice President of Development and P...
Total Annual Compensation: 6.7M NOK
Executive Vice President of Exploration
Total Annual Compensation: 4.7M NOK
Executive Vice President for Development & Pr...
Total Annual Compensation: 3.6M NOK
Compensation as of Fiscal Year 2013.

statoil asa (STL) Key Developments

Statoil Announces the Launch of its First New Regional Oil Platform

Statoil announced the launch of its first new regional oil platform in nine years. Norwegian Prime Minister Erna Solberg opened the Gudrun platform in the North Sea, the first new oil platform operated on the Norwegian continental shelf since 2005. The field should produce as much as 184 million barrels of oil and gas equivalent over its lifespan.

Statoil ASA Resolves Interim Dividend, Payable on 28 November 2014

On 24 July 2014, Statoil ASA's Board of Directors resolved to declare an interim dividend of NOK 1.80 per share. The shares will trade ex-dividend on 14 November 2014. The payment will be executed on 28 November 2014 for shareholders at OSE and around 5 December for ADR holders at NYSE.

Statoil ASA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014 and Production Results for the Second Quarter Ended June 30, 2014; Reaffirms Capital Expenditure Guidance for the Year 2014

Statoil ASA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014 and production results for the second quarter ended June 30, 2014. For the quarter, the company reported revenues of NOK 142.6 billion against NOK 147.0 billion a year ago. Total revenues and other income was NOK 146.5 billion against NOK 147.5 billion a year ago. Net operating income was NOK 32.0 billion against NOK 34.3 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Income before tax was NOK 33.2 billion against NOK 27.4 billion a year ago. Net income attributable to equity holders of the company was NOK 11.9 billion or NOK 3.74 diluted per share against NOK 4.3 billion or NOK 1.37 diluted per share a year ago. Cash flows provided by operating activities were NOK 18.1 billion against NOK 8.2 billion a year ago. Additions to property, plant and equipment were NOK 29.3 billion against NOK 29.1 billion a year ago. Adjusted earnings were NOK 32.3 billion against NOK 38.0 billion a year ago, a 15% decrease, mainly due to the decrease in production of both liquids and gas. Lower gas prices measured in NOK together with increased depreciation mainly due to new investments and production start-up and ramp-up added to the decrease. Adjusted total revenues and other income was NOK 142.3 billion against NOK 150 billion a year ago, mainly because of lower volumes sold of both liquids and gas. The net adjustments of NOK 0.3 billion are primarily related to gains and impairments. Adjusted earnings after tax were NOK 9.9 billion, compared to NOK 11.3 billion in the same period last year. The results were affected by divestments, seasonal effects and lower gas prices. Capital spending was NOK 34.3 billion against NOK 26.7 billion a year ago. For the six months, the company reported revenues of NOK 312.5 billion against NOK 308.5 billion a year ago. Total revenues and other income was NOK 321.8 billion against NOK 308.6 billion a year ago. Net operating income was NOK 83.4 billion against NOK 72.3 billion a year ago. Income before tax was NOK 85.3 billion against NOK 59.7 billion a year ago. Net income attributable to equity holders of the company was NOK 35.6 billion or NOK 11.15 diluted per share against NOK 10.8 billion or NOK 3.39 diluted per share a year ago. Cash flows provided by operating activities were NOK 73.1 billion against NOK 46.5 billion a year ago. Additions to property, plant and equipment were NOK 56.3 billion against NOK 52.7 billion a year ago. Adjusted earnings were NOK 78.3 billion against NOK 80.4 billion a year ago, was mainly due to decreased volumes of liquids and gas sold. Adjusted earnings after tax were NOK 25.7 billion against NOK 23.3 billion a year ago. Capital spending was NOK 64.4 billion against NOK 53.2 billion a year ago. Net interest-bearing debt adjusted was NOK 70.7 billion. Adjusted total revenues and other income was NOK 311.9 billion against NOK 310.3 billion a year ago. The company delivered production of 1,799 mboe per day in the second quarter, down 9% compared to second quarter in 2013. The company produced 1.8 million barrels per day. The reduced production is due to divestment, increased turnaround effect, redetermination of Ormen Lange and gas optimization. The company announced organic capital expenditures for 2014 (excluding acquisitions, capital leases and other investments with significant different cash flow pattern), are estimated at around USD 20 billion. The company continues to expect a tax rate for the year of around 70% and the tax rate is expected to stabilize below 70% in the coming years as the company increase its production in the U.S. and Canada.

 

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