Seeking Alpha

Statoil (STO) posts a higher than expected Q3 net profit, but adjusted earnings were NOK40B,...

Statoil (STO) posts a higher than expected Q3 net profit, but adjusted earnings were NOK40B, down from NOK43.1B Y/Y and missing analyst consensus of NOK42.53B. Q3 production rose 3% Y/Y to 1.81M boe/day, but the recent license-swap deal with Wintershall on the Norwegian continental shelf is expected to lead to lower production in 2013. STO +0.4% premarket.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)