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Last €18.60 EUR
Change Today +0.239 / 1.30%
Volume 98.8K
As of 2:41 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

statoil asa (DNQ) Snapshot

Open
€18.50
Previous Close
€18.36
Day High
€18.68
Day Low
€18.20
52 Week High
06/17/14 - €23.67
52 Week Low
12/16/14 - €12.09
Market Cap
59.3B
Average Volume 10 Days
171.5K
EPS TTM
--
Shares Outstanding
3.2B
EX-Date
05/20/15
P/E TM
--
Dividend
€7.16
Dividend Yield
4.60%
Current Stock Chart for STATOIL ASA (DNQ)

statoil asa (DNQ) Related Businessweek News

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statoil asa (DNQ) Details

Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments. It is involved in the development and production of oil and gas through owning exploration licenses in Norway, North America, South America and sub-Saharan Africa, the Middle East and North Africa, Europe and Asia, and the Oceania. The company also transports, processes, manufactures, markets, and trades oil and gas commodities, such ascrude, condensate, gas liquids, products, natural gas, liquefied natural gas, and refined products; markets and trades electricity and emission rights; and operates refineries, gas processing plants, methanol plants, and crude oil terminals. In addition, the company develops offshore wind projects in north-western Europe; and develops carbon capture and storage projects. As of December 31, 2014, it had proved reserves of approximately 5,359 million barrels of oil equivalent. The company was formerly known as StatoilHydro ASA and changed its name to Statoil ASA in November 2009. Statoil ASA was founded in 1972 and is headquartered in Stavanger, Norway.

22,516 Employees
Last Reported Date: 03/19/15
Founded in 1972

statoil asa (DNQ) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 5.6M NOK
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: 4.3M NOK
Executive Vice President of Development and P...
Total Annual Compensation: 6.5M NOK
Executive Vice President of Exploration
Total Annual Compensation: 4.6M NOK
Executive Vice President of Development & Pro...
Total Annual Compensation: 4.4M NOK
Compensation as of Fiscal Year 2014.

statoil asa (DNQ) Key Developments

Statoil Wins Ferus Major CO2 Service Contract in North Dakota

Statoil has demonstrated environmental and economic leadership by awarding a major carbon dioxide (CO2) supply and service agreement to Denver-based Ferus LP (Ferus), the premier provider of energized fluids (liquid CO2 and liquid nitrogen (N2)) to the North American oil and gas industry. The liquid CO2 will be used in a test well to evaluate the potential production uplift and partially replace water in a large multi-stage hydraulic fracturing operation in a horizontal oil well. In addition to CO2 supply, Ferus, specialists in the off-road movement of industrial gases, will provide transportation, logistics, storage, and on-site supervision. The service agreement also includes the deployment of a membrane technology that separates the CO2 from the produced gas to reduce the extent of flaring. This CO2 stimulation test is one of several projects under Powering Collaboration - the joint technology program between Statoil and GE aimed at accelerating the development of sustainable energy solutions. The use of CO2 as an energized fluid is common in the Western Canadian Sedimentary Basin but this will be the first major application of liquid CO2 to displace slickwater during the hydraulic fracturing process in the Bakken. The proposed CO2-assisted stimulation design has been further tailored for the Bakken formation to optimize the production uplift.

Catherine Hughes Leaves the Board of Directors of Statoil ASA

Catherine Hughes has informed that she will resign from her position as member of the board of directors in Statoil ASA with immediate effect in order to avoid potential conflicts of interest following a recent change of circumstances. The nomination committee in Statoil will commence its search for a new board member, and the corporate assembly will make a by-election when the nomination committee's recommendation is ready.

Statoil ASA Announces Gas Discovery At Roald Rygg Prospect in Norwegian Sea

Statoil ASA, together with its PL602 partners, has announced a gas discovery at the Roald Rygg prospect in the Norwegian Sea. Statoil has completed a targeted two-well exploration programme around Aasta Hansteen which aimed to test additional potential in the area and make the Aasta Hansteen project more robust. Both wells, Snefrid Nord and Roald Rygg, have resulted in interesting discoveries, which will now be further evaluated for future tie-in to the Aasta Hansteen infrastructure," says Irene Rummelhoff, senior vice president exploration Norway in Statoil. This is the second Statoil discovery in the Aasta Hansteen area in spring 2015. The well 6706/12-3, drilled by the Transocean Spitsbergen rig in the Roald Rygg prospect, proved a 38-metre gas column in the Nise Formation with very good reservoir quality. Statoil estimates the volumes in Roald Rygg to be in the range of 12-44 million barrels of recoverable oil equivalent (o.e.). Roald Rygg is located less than 7 kilometers west of the Snefrid Nord discovery. The estimated total volumes in the two discoveries correspond to about 25% of the Aasta Hansteen recoverable volumes. Aasta Hansteen will be the large SPAR platform in the world and is the biggest ongoing field development project in the Norwegian Sea. It is one of the main projects in Statoil's portfolio. The plan for development and operations (PDO) was approved by the Norwegian Ministry of Petroleum and Energy in 2013. Production start-up is expected in 2017. Exploration well 6706/12-3 is situated in PL602 in the Norwegian Sea.

 

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DNQ

Industry Average

Valuation DNQ Industry Range
Price/Earnings 21.8x
Price/Sales 0.8x
Price/Book 1.2x
Price/Cash Flow 4.3x
TEV/Sales 0.2x
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