Statoil is the first Big oil company to announced its results and these were in line with expectations. Adjusted net income came in at $1.5bn. Operating income came in slightly lower than market expectations. Production was 2.18mbpd, and the group hasn’t changed its production guidance for the year, up 1-2%. The International division, which is the growing division of the group, now produces around 0.6mbpd driven by US shale wells. For its Marketing midstream division, the group confirm
25 Apr 2018
First view: International division accelerates
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First view: International division accelerates
Statoil is the first Big oil company to announced its results and these were in line with expectations. Adjusted net income came in at $1.5bn. Operating income came in slightly lower than market expectations. Production was 2.18mbpd, and the group hasn’t changed its production guidance for the year, up 1-2%. The International division, which is the growing division of the group, now produces around 0.6mbpd driven by US shale wells. For its Marketing midstream division, the group confirm