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Last $17.56 USD
Change Today +0.31 / 1.80%
Volume 1.6M
STO On Other Exchanges
Symbol
Exchange
OTC US
Oslo
New York
Xetra
Stockholm
Mexico
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

statoil asa-spon adr (STO) Snapshot

Open
$17.50
Previous Close
$17.25
Day High
$17.72
Day Low
$17.47
52 Week High
07/22/14 - $30.77
52 Week Low
12/15/14 - $15.76
Market Cap
56.0B
Average Volume 10 Days
2.1M
EPS TTM
$1.10
Shares Outstanding
3.2B
EX-Date
05/19/15
P/E TM
16.0x
Dividend
$0.92
Dividend Yield
5.78%
Current Stock Chart for STATOIL ASA-SPON ADR (STO)

statoil asa-spon adr (STO) Related Businessweek News

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statoil asa-spon adr (STO) 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-spon adr (STO) 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-spon adr (STO) Key Developments

LITGAS and Statoil Prepare Joint Venture to Enter the Baltic Sea Small Scale LNG Market

LITGAS and Statoil signed a memorandum of understanding (MoU) on in Vilnius, Lithuania regarding establishment of a joint venture company in Lithuania to develop small scale LNG bunkering services. The new joint venture company is planned to be established in Lithuania later in 2015 and would supply LNG as a fuel to ships, small terminals in the Baltic Sea, and transport LNG by trucks to on-shore customers. It is predicted that Baltic Sea small scale LNG market can reach from 0.5 to 1 BCM a year by 2020. The joint venture company would be well positioned to supply this growing market due to convenient logistical setup capturing one of the shortest supply chains in the region and operational flexibility. The joint venture company is expected to start its small scale supply operations in the Fourth Quarter of 2017 or sooner. Securing vessel capacity is an important prerequisite for the joint venture company and dialogue has been initiated with shipping companies with the aim to secure vessel capacity from the time the joint venture company becomes operational and received the final regulatory approvals. The possibility to cooperate on joint development of small scale LNG bunkering services was identified in a 5-year supply contract signed by LITGAS and Statoil in August 2014.

Statoil Secures Two Contracts at Total Value of More Than NOK 4.35 Billion to Odfjell Drilling

Statoil has awarded two contracts at a total value of more than NOK 4.35 billion to Odfjell Drilling for drilling wells on the Johan Sverdrup field. Odfjell Drilling has been awarded contracts both for the Deepsea Atlantic semi-submersible rig and for drilling services on the fixed drilling unit to be installed on the Johan Sverdup field. The rig contract includes the charter of the Deepsea Atlantic rig for three years, starting from March 2016. In addition there are six 6-months options. The rig contract has a value of slightly more than NOK 2.5 billion.

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.

 

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Industry Analysis

STO

Industry Average

Valuation STO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.2x
Price/Cash Flow 6.8x
TEV/Sales 0.0x
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