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32 Pages

Statoil corporate - reported results analysis


Statoil corporate - reported results analysis

Report summary

Statoil's latest set of results highlighted the company's continued efforts to manage low prices. Capex guidance for 2016 was cut by another US$1 billion and is now set to be down 25% year-on-year. Cost cutting and the company's scrip dividend programme helped stabilise the balance sheet over the quarter and gearing nudged down from 31% to 30%. But quarterly profits were hit by lower volumes and weak European gas prices. Statoil reported a third quarter loss of US$427 million under IFRS and an adjusted after tax loss of US$261 million. Quarterly entitlement production was down 5% year-on-year, partly due to increased maintenance activity and a decision to defer gas production in Norway due to the weak European pricing environment. 

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  • Statoil corporate - reported results analysis PDF - 394.40 KB 32 Pages, 0 Tables, 0 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Reported Results Analysis report provides rapid response analysis on company quarterly results and strategy presentations. Use it to gain the upper hand with Wood Mackenzie's opinion on the latest corporate developments.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Q3 2016
    • Strategy/Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q2 2016
    • Overview
    • Strategy/Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q1 2016
    • Overview
    • Strategy/Investment
    • Operational performance
    • Financial performance
    • Exploration
    • M&A
  • Q4 2015
    • Overview
    • Strategy/Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q3 2015
    • Overview
    • Strategy/Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q2 2015
    • Overview
    • Strategy/Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q1 2015
    • Overview
    • Strategy/Investment
    • Operational Performance
    • Financial Performance
    • Exploration
    • M&A
  • Q4 2014
    • Overview
    • Strategy/Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q3 2014
    • Overview
    • Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q2 2014
    • Overview
    • Strategy / Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q1 2014
    • Overview
    • Strategy / Investment
    • Operational Performance
    • Financial Performance
    • M&A
    • Exploration
  • Q4 2013
    • Overview
    • Investment/Strategy
    • Operational performance
    • Financial performance
    • M&A/Business Development
    • Exploration
  • Q3 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
  • Q2 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
  • Q1 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
  • Pre-2013
  • Q4 2012
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
  • Q3 2012
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
  • Q2 2012
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
  • Q1 2012
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
  • Q4 2011
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
    • Other comments
  • Q3 2011
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A/business development
    • Exploration
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