Maintaining the momentum Solid financial results and operational performance Adding new barrels from exploration and IOR Continuing portfolio management 2
Solid operational performance Increased production 8% ytd Equity production mboe/d compared to 2011 average 2193 1980 1811 1994 Strong gas sales 11% 17% 3% 10% Liquids production as expected Delivered maintenance according to…
Solid financial results Good trading results 3Q 2012 NOK bn Strong refinery margins 14.5 40.9 (0.9) 40.0 (28.1) 11.9 Improving gas prices 47% 4% (7%) 4% 3Q 2011 NOK bn 9.9 39.3 3.8 43.1 (31.7) 11.4 4
Adjusted earnings by segment NOK bn 3Q 2012 3Q 2011 Adjusted earnings Adjusted earnings Business area pre tax after tax pre tax after tax D&P Norway 31.1 8.2 35.8 8.9 International D&P 4.4 1.8 4.1 2.1 Marketing, Processing &…
Robust financial position Further strengthening our balance sheet Growing operating cash flow3) NOK bn USD bn, first nine months Cash flow from 19 underlying operations Taxes paid Cash flows 17 188 1) (77) from sale of assets…
Strengthening capacity for high-value growth Delivering value-creating Realising USD 6 bn gains Reinvesting for high- portfolio management from strategic divestments value long-term growth Proceeds (USD bn), selected divestments…
On track 8% production growth Around 3 per cent CAGR in production 2010-2012 Organic capex of around USD 18 billion Exploration activity at around USD 3.5 billion 45 wells in 2012 20 high impact wells 2012-14 Maintenance 4Q: 30…
Supplementary Information Items impacting net operating income 11 Indicative PSA effect 21 Tax rate reconciliation 12 Reconciliation of adjusted earnings to net operating income 22 Net financial items 13 Forward looking statements…
Items impacting net operating income Q3 (NOK billion) 3Q 2012 3Q 2011 Before tax After tax Before tax After tax 0.0 0.0 4.8 4.1 Impairments DPN 0.0 0.0 0.0 0.0 DPI 0.0 0.0 0.9 0.9 MPR 0.0 0.0 3.9 3.2 0.8 0.6 (3.3) (1.3) Impact…
Tax Rate reconciliation 3Q 2012 (NOK billion) Adjusted Earnings Tax on Adjusted Earnings Tax Rate D&P Norway 31.1 (22.9) 74 % D&P International 4.4 (2.6) 60 % Marketing, Processing & Renewable energy 4.1 (2.4) 58 % Other 0.4 (0.2) 45…
Net Financial Items 3Q 2012 Gains/losses Interest and other derivative financial Net financial items Net foreign exchange finance expenses instruments 3Q 12 gains/losses Interest income and other financial items 0.4 (1.2) 1.3…
Development in Net Debt to Capital Employed Net financial liabilities Net debt to capital employed ratio* (NOK bn) 30% 90.0 28% 26% 76.5 77.4 76.0 20% 21% 60.0 50.0** 15%** 8.3** 43.5 2%** 41.7 10.3** 13% 13% 3%**…
Long Term Debt Portfolio Redemption profile 30.09.2012 15
Marketing, Processing & Renewable energy Adjusted Earnings - Break-down 4.1 Summary Crude oil processing, marketing and trading achieved higher refinery 2.5 margins, and also higher margins from trading of gas liquids and crude…
DPN 3Q 2012 Statoil Equity Production per Field *1. Statoil share in Heidrun 38.56% in January. 13.27% share for oil production from February. New owner share from 01 June 13.11%. Make-up period start 01 July with ownershare 0%…
DPI & DPNA 3Q 2012 Statoil Equity Production per Field 18
Exploration Statoil group Exploration 2012 YTD Exploration Expenses Third quarter Full year (in NOK billion) 2012 2011 2011 Exploration Expenditure (Activity) 4.9 4.9 18.8 Capitalized Exploration -1.3 -2.3 -6.4 From Previous Years…
Indicative PSA Effects Indicative PSA effect PSA effects in 2012 is expected to be (mmboe/d) slightly lower than in 2011 for Assumed oil price 2012 comparable prices Around 65% of the international equity production in 2012 is subject…
Reconciliation of Adjusted Earnings to Net Operating Income 22
Investor Relations in Statoil Investor Relations Europe Hilde Merete Nafstad Senior Vice President hnafstatoil.com +47 95 78 39 11 Lars Valdresbrten IR Officer lavastatoil.com +47 40 28 17 89 Jesper Brs-Lind IR Officer jeblstatoil.com…
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