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Statoil's CEO has one big problem

With Wednesday's annual report, Statoil was able to call of its long-running crisis. Money is flowing in. Nevertheless, the company's CEO has one particular concern.

Photo: Ole Jørgen Bratland/Statoil

The crisis is over for Statoil. This was made clear by the Norwegian oil company with the release of the annual report Wednesday where CEO Eldar Sætre was able to present adjusted earnings of USD 12.6 billion for all of 2017, which is three times higher than in 2016.

Comments such as "you can almost smell the money rolling in," which Sætre, according to Norwegian media Dagens Næringsliv, said during the presentation in London yesterday, made it clear that it was a very satisfied leader presenting in the British capital city.

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