Third quarter 2013 Solid earnings Reported results impacted by refinery impairments and transaction gains Production as expected Underlying growth of 6 % adjusted for divestments and redetermination Record international production…
Financial results Solid underlying earnings 3Q 2013 NOK bn Stable operations 13.7 39.3 1.1 40.4 (28.3) 12.1 Gains from divestments (6%) (4%) 1% 2% Impairments and commercial provisions Continued good cost control Net income…
Production Equity production as expected Equity production mboe/d High maintenance activity 1852 1811 1939 1994 as planned Record international production NCS impacted by divestments 815 853 and redetermination 735 753 Ramping…
Adjusted earnings by segment Statoil Group 1) D&P Norway D&P International MPR Continued strong Stable operations Delivering record Strong gas results, exploration performance and good cost control production low refinery margins…
Cash flow 2013 NOK bn Cash flow from underlying operations Taxes paid 156 1) (81) Dividend paid Cash flows Proceeds from to organic (22) investments sale of assets 11 (84) Net (20) 6 1) Income before tax (99) + Non…
Good cost control Focus on cost1) New production increases DD&A1) Strengthening our Adjusted opex and SG&A, NOK bn Adjusted DD&A, NOK bn competitiveness Project prioritisation 2) 2) 5.7 2)1 4.6 5.8 6.5 ) Standardisation and 5.4…
Delivering strategic progress Clear strategy for Realising USD 17 bn in Leading on discovered value creation proceeds from divestments volume 3rd year in row* Proceeds (USD bn), selected divestments Conventional discovered volume, by…
Outlook 2013 Organic capex USD 19 billion 60 exploration wells, high appraisal activity Exploration activity USD 3.75 billion Lower production than 2012 2014 Impact from 2013 divestments and Ormen Lange re-determination estimated…
Items impacting net operating income 3Q 2013 NOK bn 3Q 2013 3Q 2012 Before tax After tax Before tax After tax Impairments 6.0 4.4 0.0 0.0 DPN 0.4 0.1 0.0 0.0 DPI 1.4 0.7 0.0 0.0 MPR 4.2 3.6 0.0 0.0 Derivatives IAS 39 (1.4) (0.4) 0.8…
Tax rate reconciliation 3Q 2013 Adjusted Tax on adjusted Composition of tax expense and effective tax rate Tax rate earnings earnings D&P Norway 30.6 (22.5) 73 % D&P International 6.2 (3.3) 53 % Marketing, Processing & Renewable…
Net Financial Items 3Q 2013 Interest income and Net foreign exchange Interest and other other financial items gains/losses finance expenses 0.1 NOK bn 1.0 (1.5) Gains/losses derivative financial Net financial items…
Development in net debt to capital employed Net interest bearing debt adjusted Net debt to capital employed * (NOK bn) 100.0 14.1** 30 % 80.0 86.2 26 % 3%** 77.4 76.0 8.3** 20 % 21 % 21 % 60.0 62.3 1%** 14.1** 16 % 40.0…
MPR Adjusted Earnings - Break-down 3.9 4.1 0.5 1,5 Other Crude oil processing, marketing NOK bn and trading 3,8 Natural gas processing, marketing 2,7 and trading (0.4) (0.1) 3Q 2013 3Q 2012 16
DPN 3Q 2013 Statoil production per field 3Q 2013 Statoil-operated Produced volumes Statoil-operated Produced volumes 1000 boed Statoil share Oil Gas Total 1000 boed Statoil share Oil Gas Total Alve 85.00 % 3.2 4.2 7.4 Vilje 28.85 % 5.6…
DPI & DPNA 3Q 2013 Statoil production per field 3Q 2013 Development and Produced equity volumes - Statoil share DPNA Produced equity volumes - Statoil share Production International (DPI) 1000 boed Statoil share Liquids Gas Total 1000…
Exploration Statoil Group Exploration Expenses Third quarter For the year Exploration 2013 YTD E&P International (in NOK billion) 2013 2012 2013 2012 E&P Norway Exploration Expenditure (Activity) 5,9 4,9 16,0 16,0 Capitalised Exploration…
Sensitivities Indicative effects on 2013 results 1) NOK bn Oil price: 8 + USD 10/bbl 19 Gas price: 7 + NOK 0.50/scm 21 Exchange rate: 7 USDNOK +0.50 20 Net income effect Net operating income effect before tax The…
Reconciliation of Adjusted Earnings to Net Operating Income NOK bn Third quarter First nine months 2013 2012 2013 2012 Net operating income 39.3 40.9 111.6 160.8 Total revenues and other income (4.3) 0.2 (2.6) (12.0) Change in Fair…
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 Erik Gonder IR Officer ergonstatoil.com +47…
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