Third quarter results 14% increase in liquids prices 3Q 2010 (NOK bn.) 8% increase in gas prices 13.8 28.2 (1.6) 26.7 (18.1) 8.5 17% lower equity production Tax on Adjusted Net Reported Adjusted adjusted earnings Income NOI…
Cash flow from underlying operations Year to date 2010 Cash flow from underlying operations Taxes paid Solid financial position 1321 (57) Strong cash generation Investments according to plan Net cash flows Secured favorable…
Quarterly effects on production Changes 3Q 2009 to 3Q 2010 per category 1,874 60 90 1 140 1000 boe/d 2 30 1,552 1552 Q3 2009 Turnaround Turnaround Other Production Q3 2010 liquids gas permit 1 Expected natural…
Adjusted earnings by business area (NOK bn.) 3Q 2010 3Q 2009 Adjusted earnings Adjusted earnings Business area pre tax after tax pre tax after tax E&P Norway 21.7 5.8 25.2 6.6 International E&P 2.5 1.5 2.8 1.4 Natural Gas 2.1…
Active portfolio development Developing Gja, Vega and Vega South Leismer Demonstration Peregrino Maturing Valemon PDO Marulk PDO Jack and St. Malo in GoM CLOV in Angola High-grading Eagle Ford acquisition Successful Statoil…
Guiding 2010 Ramp up & new fields on stream 2010-2012 Equity production Tyrihans Morvin Thunder Hawk 1.9 million boepd Unit Production Cost at NOK 36-37 per boe Agbami Tahiti Marcellus Capex and exploration: Gja Vega Vega South…
Supplementary information 3Q 2010 Items impacting net operating income 3Q 9 Tax rate reconciliation 3Q 2010 10 Net financial items 3Q 2010 11 Development in net debt to capital employed 12 Long term debt portfolio redemption…
Items impacting net operating income 3Q (NOK bn.) 3Q 2010 3Q 2009 Before tax After tax Before tax After tax Impairments 1.6 1.5 5.2 4.5 INT 1.6 1.5 1.8 1.8 M&M 0.0 0.0 3.2 2.5 NG 0.0 0.0 0.2 0.2 Derivatives IAS 39 (0.5) 0.3…
Tax rate reconciliation 3Q 2010 (NOK bn.) Composition of tax expense and effective tax rate Before tax Tax Tax rate Total adjusted earnings 26.7 (18.1) 68.0% Adjustments 1.6 0.2 10.3% Net Operating Income 28.2 (18.0) 63.7%…
Net financial items 3Q 2010 Interest and other net finance Net financial expenses items 3Q 10 Net foreign exchange 1.6 gains/losses 4.0 7.0 Interest income and other financial items NOK bn. 1.4 11
Development in net debt to capital employed Net financial liabilities Net debt to capital employed* 85.3 80.8 ** 75.3 74.5 ** 72.8 69.1 29% 27% 28% ** 26% ** 26% 24% 21% 46.0 NOK bn. 43.8 18% 12% 25.5 2006…
Adjusted earnings break-down - Natural gas 3.3 NOK bn. 1.6 2.1 0.6 1.7 1.5 Marketing and Trading Processing and Transportation 3Q 2009 3Q 2010 14
Adjusted earnings break-down - Manufacturing & Marketing 0.9 0.7 0.1 NOK bn. 0.5 0.6 Other (0.3) Energy and Retail (0.4) Manufacturing (0.1) Oil sales, trading and supply (0.1) 3Q 2009 3Q 2010 15
Statoil NCS E&P production per field 3Q 2010 Statoil-operated Statoil share Produced volumes Partner-operated Statoil share Produced volumes 1000 boed Oil Gas Total 1000 boed Oil Gas Total Alve 85.00% 5.8 9.8 15.6 Ekofisk 7.60% 19.6…
Statoil International E&P equity production per field 3Q 2010 E&P International Produced equity volumes - Statoil share 1000 boed Statoil share Liquids Gas Total Alba 17.00% 4.2 4.2 Jupiter 30.00% 0.9 0.9 Schiehallion 5.88% 0.6 0.0…
Reconciliation of adjusted earnings - to net operating income 19
Reconciliation of adjusted earnings - after tax to net income 20
Indicative PSA effects 3Q10 Indicative PSA effect 65% of international equity production in (million boepd) 2012 subject to PSA Limited effect of oil price changes going 100 Assumed oil price 2009-12 forward Higher PSA effect…
Investor Relations in Statoil Investor relations in Europe Hilde Merete Nafstad Head of IR hnafstatoil.com +47 95 78 39 11 Anne Lene Gullen Brten IR officer angbrstatoil.com +47 99 54 53 40 Marianne Loe Borchgrevink IR officer…
Statoil is an integrated technology-based international energy company primarily focused on upstream oil and gas operations Headquartered in Norway we have more than 30 years of experience from the Norwegian continental shelf,…
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