EnergyWatch

Statoil books adjusted operating result of USD 2.3 billion

Statoil booked an adjusted operating result of USD 2.3 billion in the third quarter and is trimming USD 1 billion off investments for the full-year 2017. "We are getting more for less," says CEO Eldar Sætre.

Photo: Øyvind Hagen/Statoil

Norwegian oil major Statoil has booked an adjusted operating result of USD 2.3 billion in this year's third quarter, shows the interim report Thursday morning CET. This is an increase over the same period last year, in which the oil company achieved an operating result of USD 636 million.

In the quarter, the company grew production and now expects total growth of 6 percent for the full year.

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