Last $28.70 USD
Change Today +0.21 / 0.74%
Volume 767.3K
As of 8:04 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

statoil asa-spon adr (STO) Snapshot

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04/21/14 - $29.34
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statoil asa-spon adr (STO) 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.

23,413 Employees
Last Reported Date: 03/21/14
Founded in 1972

statoil asa-spon adr (STO) 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-spon adr (STO) Key Developments

Statoil ASA Announces Gas and Oil Discovery at Valemon Nord prospect in North Sea

Statoil ASA announced a gas and oil discovery in the Valemon Nord prospect in the North Sea. The discovery wells 34/10-54 S and 34/10-54 A, drilled by the drilling rig Transocean Leader, are located approximately 10 kilometres north of the planned Valemon installation. The main wellbore 34/10-54 S proved a gross 164-metre gas/condensate and oil column in the Middle Jurassic Brent Group. The side-track 34/10-54 A proved a gross 100-metre gas/condensate column in the Brent Group and in sand of unspecified Jurassic age, and an additional gross 140-metre gas/condensate column in the Statfjord Group. Gas/condensate was also found in the middle Jurassic Cook Formation. Statoil estimates the total volumes in Valemon North to be in the range of 20-75 million barrels of recoverable oil equivalent (o.e.).

Hitachi Zosen Corporation Extends Floating Offshore Wind Power Generation Contract with Statoil ASA

Hitachi Zosen Corporation has signed a contract with Statoil ASA for a second extension of a collaboration agreement on technical cooperation for floating offshore wind power generation. Hitachi Zosen and Statoil signed a contract for technical with a view to the commercialization of floating offshore wind power generation in Japan on November 2, 2012, and they shall conduct a business feasibility study in Japan under this current collaboration agreement. Statoil has started work on constructing 'Hywind', the world's first floating offshore wind power generation project, building on the technical capabilities it has mastered through its offshore oil drilling business. It has already completed one offshore wind turbine (completed in 2009; 2.3 MW) off the North Sea coast of southwestern Norway (at a depth of 200 m), and has gathered a considerable amount of data.

Statoil ASA Proposes Dividend for the Year 2013, Payable on May 28, 2014

The board of directors of Statoil ASA proposed a total dividend of NOK 7.00 per share for 2013. The dividend accrues to the shareholders as of May 14, 2014, with expected dividend payment on May 28, 2014. The expected payment date for dividends in USD to US ADR holders is June 4, 2014. The shares will be traded ex-dividend on the Oslo stock exchange from May 15, 2014. For US ADR holders, the ex-dividend date will be May 15, 2014.


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