2nd Quarter 2016 Hans Jakob Hegge, Executive Vice President and CFO Photo: Gina Krog module sail-away
Second quarter 2016 Continued weak and volatile markets Operational performance remains strong Improvement programme on track Lowering 2016 capex and exploration guidance Maintaining dividend of USD 0.2201 per share, with 5%…
Financial results Adjusted earnings impacted by low 2Q 2016 USD mill prices and margins (302) 180 733 913 (941) (28) Above 100% tax rate, due to earnings composition Continued cost improvement, opex and SG&A down 18% YoY Net…
Adjusted earnings by segment D&P Norway D&P International MMP Strong operational performance, Underlying production up 4% Good marketing results production impacted by planned from Natural Gas Europe maintenance 23% reduction in…
Strong production performance High gas volumes Equity production despite lower flex gas mboe/d High production efficiency 1873 1971 1959 Maintenance season ongoing, increased impact in the third quarter 820 806 726 Gas…
Cash flow 2016 Reducing capital expenditure 2016 YTD; USD mill reflecting efficiency and strict Cash flow from prioritisation1) operating activities Taxes paid 6,412 2) (2,341) Adjusted net debt to Dividend paid (1,101) Proceeds…
Outlook 2016 Capex USD 12 bn1) Production 1% organic CAGR (2014-17) 60 mboe per day Maintenance 115 mboe per day in 3Q Exploration USD 1.8 bn1) 1) Assuming NOK/USD of 8.50
Investor Relations in Statoil E-mail: irpoststatoil.com Investor Relations Europe Peter Hutton Senior Vice President phuttstatoil.com +44 788 191 8792 Lars Valdresbrten IR Officer lavastatoil.com +47 40 28 17 89 Erik Gonder IR…
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