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Last €15.97 EUR
Change Today -0.176 / -1.09%
Volume 62.2K
As of 1:47 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

statoil asa (DNQ) Snapshot

Open
€16.05
Previous Close
€16.15
Day High
€16.24
Day Low
€15.70
52 Week High
07/23/14 - €22.86
52 Week Low
12/16/14 - €12.09
Market Cap
50.9B
Average Volume 10 Days
41.3K
EPS TTM
--
Shares Outstanding
3.2B
EX-Date
08/14/15
P/E TM
--
Dividend
€7.19
Dividend Yield
5.45%
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 ASA to Reorganize Business Structure

Statoil has announced that in order to become a more competent and cost effective company, it is simplifying its business structure and operating model. Statoil is already going through efficiency work through the STEP (Statoil Technical Efficiency Program) and OE (Organisational efficiency) programs. The firm's plan to change its business structure and operating model form a key part of the same. Statoil will integrate operations in mid and north Norway into a single business unit Operations North. Statoil's two main regions of operations Norwegian Sea and Barents Sea have significant activity and large frontier areas with long-term prospects. The company says the merger of these expert communities would enhance synergies, and cost savings as well as bolster its position for future business opportunities.

Statoil ASA Refinances Multicurrency Revolving Credit Facility

On 26 June 2015, Statoil ASA guaranteed by Statoil Petroleum AS, successfully signed a USD 5.0 billion Multicurrency Revolving Credit Facility. The Facility, which was coordinated by Barclays Bank PLC, Deutsche Bank AG and DNB Bank ASA, received unanimous support from the group of existing and new relationship banks invited to participate in the Facility. Following this strong demand, the company elected to increase the Facility by USD 500 million from the initial launch size of USD 4.5 billion as well as scaling back the participating banks' commitments. The Facility has a 5-year maturity with two 1-year extension options and will be used for general corporate purposes and as backup for commercial paper programmers. Statoil's existing USD 3.0 billion Multicurrency Revolving Credit Facility dated 20 December 2010 will be cancelled as part of the refinancing process.

Statoil to Cut Up to 1,500 Staff and 500 Consultants

Statoil announced it will lay off up to 1,500 staff and 500 consultants by the end of to slash costs. The layoffs are a continuation of a cost-cutting program started in 2013. The program is designed to yield $1.7 billion in annual savings starting in 2016.

 

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Industry Analysis

DNQ

Industry Average

Valuation DNQ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.3x
Price/Cash Flow 6.9x
TEV/Sales 0.0x
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