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NEWS & PR
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Statoil ASA - Shareholder/Analyst CallTue, May 14
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Statoil ASA's Management Hosts Exploration Seminar (Transcript)Fri, May 25, 2012
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Statoil's CEO Discusses Q4 2011 Results - Earnings Call TranscriptWed, Feb 8, 2012 • 1 Comment
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Statoil ASA's CEO Discusses Q3 2011 Results - Earnings Call TranscriptSat, Oct 29, 2011
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Statoil's CEO Discusses Q2 2011 Results - Earnings Call TranscriptFri, Jul 29, 2011
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Statoil CEO Discusses Q4 2010 Results - Earnings Call TranscriptWed, Feb 9, 2011
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Statoil CEO Discuses Q3 2010 Results - Earnings Call TranscriptWed, Nov 3, 2010
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Statoil ASA Q2 2010 Earnings Call TranscriptSat, Jul 31, 2010
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StatoilHydro ASA Q1 2010 Earnings Call TranscriptWed, May 5, 2010
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StatoilHydro ASA Q2 2008 Earnings Call TranscriptFri, Aug 1, 2008
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Statoil ASA Q3 2007 Earnings Call TranscriptMon, Oct 29, 2007
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Statoil Q2 2007 Earnings Call TranscriptMon, Jul 30, 2007
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at MarketWatch.com (Wed, 4:12PM)
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at CNBC.com (Wed, 11:07AM)
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PR Newswire (May 7, 2013)
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at CNBC.com (May 2, 2013)
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at CNBC.com (Apr 26, 2013)
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at MarketWatch.com (Apr 23, 2013)
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at CNBC.com (Apr 17, 2013)
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at MarketWatch.com (Apr 3, 2013)
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at MarketWatch.com (Mar 25, 2013)
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Marketwire (Mar 22, 2013)
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at MarketWatch.com (Mar 18, 2013)
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at CNBC.com (Mar 5, 2013)
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at MarketWatch.com (Feb 12, 2013)
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at MarketWatch.com (Feb 7, 2013)
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at CNBC.com (Feb 1, 2013)
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at CNBC.com (Feb 1, 2013)
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at MarketWatch.com (Jan 31, 2013)
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at CNBC.com (Jan 27, 2013)
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at MarketWatch.com (Jan 20, 2013)
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at CNBC.com (Jan 20, 2013)
STO vs. ETF Alternatives
Company Description
Currently, there's no company description for STO.
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 17, 11:58 AM Major oil producers launch a joint program to beef up their Arctic oil spill response plan in a bid to convince the Arctic Council they are ready for large-scale development in the region. There are plenty of doubters, of course, and incidents such as BP 2010 Gulf of Mexico spill and Shell's recent problems north of Alaska with two drill ships don't help. 5 Comments [Energy]
- Friday, May 17, 9:56 AM The U.K.'s Serious Fraud Office says it is "urgently reviewing" whether it has the authority to investigate allegations of price fixing in the oil market, after unannounced inspections earlier this week by EU antitrust authorities of BP, Shell (RDS.A, RDS.B) and Statoil (STO). The SFO believes it could be the appropriate body to investigate such allegations. 5 Comments [Energy, Global & FX]
- Wednesday, May 15, 5:36 PM Fitch Ratings warns of massive fines along the lines of UBS' $1.5B Libor settlement if an EC probe into oil price manipulation finds any wrongdoing. While oil company balance sheets likely would absorb any fines thanks to big cash reserves, an offender "could face longer-term risks from damage to reputation," Fitch says, noting BP's exclusion from some business in the Gulf of Mexico after the Macondo spill. 4 Comments [Energy, Global & FX]
- Tuesday, May 14, 10:42 AM An inspection is carried out at Statoil’s (STO) headquarters in Norway as part of a probe by European investigators into suspected anti-competitive practices. The suspected violations are related to the Platts' Market-On-Close price assessment process, used to report prices for crude oil, refined oil products and biofuels, and may have been ongoing since 2002. Comment! [Energy, Global & FX]
- Tuesday, May 14, 9:42 AM Norway's plan to raise taxes on oil companies could raise the breakeven price of new projects by $5/bbl, putting profit margins at risk and likely leading to the shelving of some projects. Oil companies traditionally paying 9% of development costs must pay 12% beginning next year under the new plan, which Statoil (STO) says "reduces the attractiveness of future projects, particularly marginal fields." 1 Comment [Energy, Global & FX]
- Tuesday, May 14, 9:05 AM Statoil (STO) signs a farm-in agreement with BP acquiring a 30% equity share in four exploration licenses offshore south Australia, providing STO "access to a vast, underexplored area with high-impact potential." The work program includes drilling up to four wells within the largely untested license area. BP will continue to operate the exploration licenses. Comment! [Energy, Global & FX]
- Tuesday, May 14, 8:37 AM Noble Corp. (NE) is awarded a drilling contract by Statoil (STO) for a newbuild ultra-high specification jackup for use in the U.K. North Sea. The initial contract is for four years and is anticipated to begin during Q3 2016. The total estimated value of the primary term contract is $655M, which equates to an all-in dayrate of $448,600. 1 Comment [Energy]
- Tuesday, May 7, 7:23 PM 50-50 partners ExxonMobil (XOM) and Statoil (STO) agree to begin development of the Julia oilfield in the Gulf of Mexico, estimated to hold nearly 6B barrels of resources. The field is expected to initially produce 34K bbl/day. Capital cost for the project, expected to begin oil production in 2016, is estimated at more than $4B. 1 Comment [Energy]
- Monday, May 6, 8:08 AM Norwegian Prime Minister Jens Stoltenberg, up for re-election in September, proposes a tax increase on oil companies and multinationals, a move the industry warns could undermine Norway’s reputation as a stable environment for oil company investments. Statoil (STO) complains the plan would reduce the attractiveness of future projects, particularly marginal fields. STO -1.8% premarket. 3 Comments [Energy, Global & FX, On the Move]
- Thursday, May 2, 12:54 PM The BP-led Shah Deniz consortium is beginning to evaluate binding transportation offers from two pipeline groups vying to carry natural gas from the giant offshore Shah Deniz gas field in Azerbaijan into Europe. The consortium, which is expected to reach a decision on the pipeline by late June, has received sales offers for more than 30B/year cubic meters of gas from more than 15 different gas buyers across Europe. Comment! [Energy, Global & FX]
- Thursday, May 2, 8:13 AM Statoil (STO) posts 58% lower Q1 net profit Y/Y amid lower production volumes and prices. Adjusted earnings were NOK42.4B vs. NOK59.2B in the year-ago period and analysts' forecast of NOK47.98B. Revenue fell 22% to NOK47.9B vs. NOK61.8B a year ago. Overall production was 1.99M boe/day vs. 2.19M a year ago, hit in part by the attack on the Algerian In Amenas gas plant. Shares -2.7% premarket. 1 Comment [Earnings, Energy, On the Move]
- Friday, April 19, 10:09 AM Statoil (STO +1.6%) says it found "significant" new oil resources in the North Sea, with preliminary calculations indicating the discovery in the Gullfaks oilfield contains in the range of 40M-150M recoverable barrels. The production well where tests are carried out is providing stable production of 7,500 bbl/day and has produced nearly 1M barrels since December. 1 Comment [Energy, Global & FX, On the Move]
- Wednesday, April 17, 10:22 AM Statoil (STO -2.5%) is a step closer to starting its stalled drilling campaign in the Barents Sea after gaining a permit from Norwegian regulators for the first probe in the vicinity of its Skrugard discovery. STO hopes to kick off the total nine-well Arctic campaign later this month or next using Seadrill's semi-submersible West Hercules after being forced to postpone it from November. Comment! [Energy, Global & FX, On the Move]
- Thursday, April 11, 8:36 AM Statoil (STO) reportedly is forced to postpone drilling a pair of wells in Norway’s extreme north until next year due to delays on delivery of the Seadrill (SDRL) rig to be used in the campaign. STO has said it remains confident in starting its Barents Sea campaign shortly despite ongoing issues with the rig, which was boarded by Greenpeace activists earlier this week. 3 Comments [Energy, Global & FX]
- Monday, April 8, 10:13 AM Norway's Statoil (STO +0.7%) Azerbaijan's state energy firm Socar sign a deal to explore and develop the Zafar and Mashal offshore blocks in the Caspian Sea estimated to hold ~140M metric tons of oil. STO already is a partner in Azerbaijan's giant Shah Deniz field and the Azeri-Chirag-Guneshli field in the Caspian. (previous) Comment! [Energy, Global & FX]
- Thursday, April 4, 12:46 PM Statoil (STO -0.5%) reportedly will sign a contract next week with Azerbaijan's state-owned Socar to jointly develop the Zafar-Mashal block in the Caspian Sea. The block is thought to contain 300B cubic meters of natural gas. STO also may decide next year on whether to proceed with a second project in Canada’s oil sands that could significantly boost its production from the region. Comment! [Energy, Global & FX]
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combatcorpsmanVN: $STO - what tax rate does the company pay annually? Normal is 35% but Norway is socialist -- I'll bet $STO pays much higher percentage. -
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ioandrus: If I were you, I'd wish to yes why, because this is crucial to making an informed decision :)
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combatcorpsmanVN
$STO is a world-class bargain. Tarred and feathers by naive investors that believe this company is purely a European play. Long & Longer - View all 7 replies
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combatcorpsmanVN: $STO is a classic example of value being recognized when the stock is up 20%. It's on everyone's avoid list when Buffett is buying. Funny!
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Elliott Gue
Cool video on $STO's production ops in Bakken Shale. Covers the basics. Via @reuters: http://reut.rs/10fsQfH. - View all 0 replies
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Daniel Nadler
5 Oil & Gas Stocks That Rally to Close-Out March: http://goo.gl/YU0EE $PTR $CVX $XLE $OXY $STO $XOM - View all 1 replies
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Michael Fitzsimmons
$STO, P/E=6.4, yield=3.7%, makes a third high impact discovery offshore Tanzania: http://yhoo.it/143lgIA - View all 0 replies
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LATEST REPLIES
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- View all 11 replies
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combatcorpsmanVN: $STO - what tax rate does the company pay annually? Normal is 35% but Norway is socialist -- I'll bet $STO pays much higher percentage.
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combatcorpsmanVN
$STO is a world-class bargain. Tarred and feathers by naive investors that believe this company is purely a European play. Long & Longer - View all 7 replies
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combatcorpsmanVN: $STO is a classic example of value being recognized when the stock is up 20%. It's on everyone's avoid list when Buffett is buying. Funny!
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- View all 3 replies
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ioandrus: If I were you, I'd wish to yes why, because this is crucial to making an informed decision :)
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Daniel Nadler
5 Oil & Gas Stocks That Rally to Close-Out March: http://goo.gl/YU0EE $PTR $CVX $XLE $OXY $STO $XOM - View all 1 replies
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combatcorpsmanVN
$STO may well be the best positioned integrated Oil stock. Value is unrecognized at the moment. World penetration. $100/stock - View all 3 replies
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combatcorpsmanVN: I rarely make bold statements of the kind. But, $STO mgmt has finally seen the light and taken the steps to capitalize its resources
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combatcorpsmanVN: raised the dividend - well, sort of --- Anyone know the date the dividend is paid? Roughly, 95-cents
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Michael Fitzsimmons
$STO's Q4/Full year: production up 8% in 2012. RRR=1.1. Increases div to 6.75(NOK)=$1.23, up from $1.18 - View all 7 replies
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sethmcs: I like to buy in at $23.00 or below. Been stalking this one for a year now. -
Michael Fitzsimmons: Yup, buy at $22, sell at $26-27. Rinse and repeat every year....
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Daniel Nadler
9 Top Oil and Gas Stocks to Avoid in January: http://stks.co/gJ3x $XOM $CVX $TOT $PTR $STO $COP $RDS.B - View all 5 replies
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gwinsto: Or did you mean you would have lost the entire credit you received when you opened the spread? -
bbrady413: The expiration was last Friday. I'm saying I would've lost 100% of the margin requirement (had the stock stayed low).
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Ricardo Espinosa
STO 5 AAPL 545/540 put spreads @1.95 each, bottom is in or forming, hard to see it fall and stay down for the rest of the week. - View all 7 replies
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Tolafsson: no the only hope is that the bears go away. This bearish sentiment towards Apple is getting utterly ridiculous now, it has to turn soon.
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Ricardo Espinosa: Exactly my thinking tolaf, and it´s a weekly trade by the way,I do expect a bounce this week, or at least not much downside, but very risky.
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Bob de'Long
Statoil (sto) approached Whiting Pet (WLL); Whiting has hired BA to advise it on a possible STO bid of $65. Closed @ $42.02. I'm looooong - View all 21 replies
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Michael Fitzsimmons: i never followed up on buying stocks in their native currencies, would like to do that in canadian and norwegian energy cos
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Ricardo Espinosa
STO Oct NFLX 70/75 call spreads @2.55, this sucker´s not staying up before filling its gap. - View all 1 replies
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Michael Fitzsimmons
Zow-eee => StatOil (STO) increased production 17% this quarter (!). That is awesome for a company their size. Stock will move up! - View all 5 replies
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Ricardo Espinosa
STO MCP 27/25 May puts and BTO 31 May calls, will exit position if MCP=26.5 or 31, whichever happens first. - View all 2 replies
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Ricardo Espinosa: MCP giving me another chance to get out almost @breakeven after yesterday´s boring AH action, I´ll take it.
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Ricardo Espinosa: Right on the first 2, but if SPY is between 130 and 140, it goes from 14.19 profit on 130, breakeven around 134.19 and higher=losses
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Ricardo Espinosa: It´s a hedge against all my long positions, I hope it loses money, TEF, SAN, DE and MCP doing great this week.