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Stock Market & Financial Investment News

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March 21, 2014
07:16 EDTSTOStatoil added 1.25B barrels of oil equivalent from exploratoin 2013
Reports production of 723,000 barrels of oil equivalent per day in 2013 with divestments taht generated revenues of more than $4B and a reduction in the serious injury frequency to 0.8 per million hours worked in 2013 compared to 1.0 per million hours worked in 2012.
News For STO From The Last 14 Days
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August 27, 2015
07:57 EDTSTOPlatts to hold a conference
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August 18, 2015
08:12 EDTSTOGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.

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