Norway's Statoil has seen a significant drop in adjusted earnings after tax, which came to USD 436 million in the third quarter of the year - a drop of 60 percent compared with the same period of 2014 when it bagged more than USD 1 billion, the interim report, published Wednesday morning, shows.
The falling oil price continues to take its toll on the oil group, which – like many of its rivals - has cut significantly back on investments for coming years and laid off thousands of workers.
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