StatoilHydro ASA Company Profile - Sep 06, 2011 by WrightReports

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   A Wright Investors' Service Research Report:

   Statoil ASA
                                                                                        440 Wheelers Farms Road
                                                                                        Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in Norwegian Kroner

                                 Wright Quality Rating:ABA4                               Key Data

   Statoil ASA (Statoil), formerly StatoilHydro ASA is an integrated energy company       Ticker:
   based in Norway with locations in approximately 40 other countries worldwide. As of    STL
   December 31, 2009, the Company had proved reserves of 2174 million barrels
   (mmbbl) of oil and 514 billion cubic meters (bcm) (equivalent to 18.1 trillion cubic   2010 Sales:
   feet (tcf)) of natural gas, corresponding to aggregate proved reserves of 5408
                                                                                          526,718,000,000
   million barrels of oil equivalent (mmboe). The Company operates in four business
   segments: Exploration and Production Norway (EPN), International Exploration and
   Production (INT), Natural Gas (NG) and Manufacturing and Marketing (M&M). In July      Major Industry:
   2010, Statoil ASA sold its Tampnet subsidiary to HitecVision.                          Oil, Gas, Coal & Related
                                                                                          Services
                       Stock Chart                                   Officers
                                                                    Chairman
                                                                  Svein Rennemo           Sub Industry:
                                                                                          Integrated Int'l Oil
                                                                  Vice Chairman           Producers
                                                                   Marit Arnstad
                                                                                          Country:
                                                              Chief Executive Officer     Norway
                                                                     Helge Lund
                                                                                          Currency:
                                                         Executive Vice President &       Norwegian Kroner
                                                           Chief Financial Officer
                                                               Torgrim Reitan             Fiscal Year Ends:
                                                                                          December

                                                                                          Employees
               
								
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