4th quarter and full year 2014 London, 6 February 2015 Classification: Internal 2012-10-24 Eldar Stre, President and CEO
2014 Solid financial and operational results Earnings impacted by the oil price Strong operational quality Reported earnings impacted by oil price, High production efficiency impairments and quarter specific items Project executions…
Safety and security Serious incident frequency Number of serious incidents per million work-hours 2,5 2.2 2 1.9 1,5 1.4 1 1.1 1.0 0.8 0,5 0.6 0 2008 2009 2010 2011 2012 2013 2014 3
Financial results negatively impacted by prices Full year 2014 Fourth quarter 2014 NOK billion NOK billion 22.1 109.5 26.6 136.1 (97.0) 39.1 (8.8) 9.0 17.9 26.9 (22.6) 4.3 (44%) (30%) (17%) (16%) (N/A) (35%) (36%) (61%) Net…
Cost focus across the business Statoil Group1) D&P Norway D&P International MPR Strong operational High operational Impacted by exploration Solid results from quality efficiency and US onshore gas value chains Johan Sverdrup:…
Cash flow 2014 in line with expectations Cash flow NOK billion Dividends paid for 2013 and first two quarters of 2014 Cash flow from Investments in line operating activities Taxes paid 209 1) (97) with guiding Cash flow to Net…
Firm priorities, stepping up commitments 2% organic production growth 2014-16 Reducing organic capex level to USD 18 bn in 2015 High value growth FCF to cover dividend in 2016100, 201780 and 201860 Robust financials: Maintaining…
Strengthening our capacity to create long-term value Well prepared Seizing the opportunity Investing in world-class projects Efficiency programme 1.7 Reduced spending 2.2 Operational Excellence 1.1 Total 5 The Capital Markets…
Outlook Period Guiding Capex 2015 USD 18 bn1) Production 2015-16 2% annual organic growth Cash improvements 2016 USD 5 bn (total) Exploration 2015 USD 3.2 bn1) 9 1) Assuming NOK/USD of 7.00
Loading...
