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Stock Market & Financial Investment News

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January 9, 2014
07:51 EDTSTOAs Norway loosens control, Statoil looks abroad for deals, Businessweek reports
Statoil, the state oil producer controlled which accounts for about 20% of Norway's benchmark index, may soon be looking abroad for deals, reports Bloomberg Businessweek. Encouraged by a newly elected conservative government thatís considering reducing the stateís 67% stake, Statoil is studying overseas acquisitions, sources say. The plan would be to diversify away from Norway while diluting the stateís $51B shareholding, sources added. Reference Link
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July 28, 2015
05:21 EDTSTOStatoil to change reporting currency to USD from NOK from Q1 of FY16
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05:19 EDTSTOStatoil reports Q2 EPS NOK 3.15 vs. NOK 3.75 last year
Reports Q2 adjusted earnings NOK 22.4B vs. NOK 32.3B last year. Reports Q2 adjusted earnings after tax NOK 7.2B vs. 9.9B last year.

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