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)

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Comments (1)
  • Michael Fitzsimmons
    , contributor
    Comments (11853) | Send Message
    Good report!
    30 Oct 2013, 08:21 AM Reply Like
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