Statoil posts Q2 profit surge Norwegian oil company Statoil ASA said second-quarter net profit surged to 3.6 billion kroner ($584 million) from only 77 million kroner a year earlier, as increased production and rising oil prices offset a weak natural gas market.
Statoil 2Q Operating Profit Rises 9.4% Statoil 2Q Operating Profit Rises 9.4%
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Statoil reports high activity Statoil says the quarterly result was affected by a 32% increase in liquids prices measured in NOK, a 6% increase in equity production and a 12% decrease in gas prices measured in NOK. Also impairments, loss on derivatives and a provision for an onerous contract influenced net operating income.
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Norway energy giant Statoil second-quarter net income surges Oslo - Norwegian energy giant Statoil's net income surged during second-quarter 2010, the group said Thursday, attributing the result to higher oil prices and a lower tax rate.
Statoil posts Q2 profit surge Statoil Q2 profits surge on higher oil prices, production
CORRECTION: Statoil: High activity and good operations STAVANGER, NORWAY--(Marketwire - July 29, 2010) - This is a correction of the announcement from 07:31 29.07.2010 CEST. Reason for the correction: Updated presentation 2nd quarter 2010
Statoil: High activity and good operations STAVANGER, NORWAY--(Marketwire - July 29, 2010) -
CORRECTION: Statoil: High activity and good operations STAVANGER, NORWAY--(Marketwire - 07/29/10) - This is a correction of the announcement from 07:31 29.07.2010 CEST. Reason for the correction: Updated presentation 2nd quarter 2010 Statoil's (OSE:STL, NYSE:STO) second quarter 2010 net operating income was NOK 26.6 billion, compared to NOK 24.3 billion in the second quarter of 2009. The quarterly result was affected by a 32% increase in liquids ...