Norway's largest company, Statoil, booked a surprisingly positive report for the year's second quarter, where both revenue and earnings are higher than expected.
In the second quarter, the oil giant had a revenue of USD 14.9 billion, approximately USD 1.7 billion more than analysts had expected. In the same period last year revenue landed at USD 10.8 billion.
Statoil highlights its operating profit at the top of the accounts, which has more than tripled compared to the same period last year, landing at USD 3.2 billion against USD 0.9 billion in the second quarter of 2016. It also exceeds expectations among the 28 analysts who had forecast an operating profit of USD 2.9 billion.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.