More on Statoil (STO) Q1: Profit fall due to a one-off sales gain last year and higher taxes....

|About: Statoil ASA (STO)|By:, SA News Editor

More on Statoil (STO) Q1: Profit fall due to a one-off sales gain last year and higher taxes. Revenue increase mainly due to higher oil and gas prices, and volumes. Production +11% to 2.19M bpd, helped by new output in Brazil, Angola and Norway. "The long term pressure on energy prices will be upwards," predicts CEO Helge Lund.