Statoil presents disappointing 2nd quarter result

The state-owned Norwegian oil company made USD 370.8 million less on operations in the 2nd quarter 2014, though CEO Helge Lund describes the result as solid.
Photo: Trond Isaksen
Photo: Trond Isaksen
BY OLE ANDERSEN

Norwegian Statoil achieved an operating profit of USD 5.15 billion in the 2nd quarter 2014, a decline of USD 370.8 million - corresponding to a 15 percent drop - compared to the same period 2013, according to the state-owned oil company's interim report, published Friday.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading