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Stock Market & Financial Investment News

News Breaks
April 29, 2014
05:59 EDTSTOStatoil reports Q1 operating income NOK 51.4B, a 35% increase vs. last year
Reports Q1 adjusted earnings NOK 46B, a 9% increase vs. last year. The company said, "The increased revenue was mainly due to higher prices and improved contribution from the gas value chain. Adjusted earnings after tax were NOK 15.8B, compared to NOK 12B in the same period last year."
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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