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

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

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.