Seeking Alpha

Statoil net profit falls but tops forecasts

  • Statoil's (STO) Q3 net profit slipped to 14.3B Norwegian kroner ($2.4) from NOK14.39B last year but beat consensus of NOK11.67B.
  • Revenue NOK162.6B vs NOK165.3B and expectations of NOK159.45B.
  • EBIT +1% to NOK40.4B vs forecasts of NOK39.98B.
  • Books NOK4.2B of impairment losses related to the Mongstad and Kalundborg refineries.
  • Oil and gas production +2% to 1.852M barrels of oil equivalent a day.
  • Shares +0.6% in Oslo. (PR)
Comments (1)
  • Michael Fitzsimmons
    , contributor
    Comments (8085) | Send Message
    Good report!
    30 Oct 2013, 08:21 AM Reply Like
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