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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."
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July 25, 2014
05:31 EDTSTOStatoil CEO says cost reduction programs 'are on track'
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05:28 EDTSTOStatoil reports Q2 EPS NOK 3.75 vs. NOK 1.38 last year
Reports Q2 operating income down NOK 3.2B to NOK 32B. Reports adjusted earnings NOK 32B. Helge Lund, Statoil's president and CEO stated, "Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We have deferred gas production to enhance value, but remain on track for delivering on our production guiding for 2014. Our quarterly earnings were impacted by divestments, seasonal effects and lower gas prices. For the first half of the year, earnings were around the same level as in the same period last year."
July 14, 2014
11:45 EDTSTOStatoil downgraded to Equal Weight from Overweight at Morgan Stanley
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