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Stock Market & Financial Investment News

News Breaks
May 15, 2014
07:01 EDTSTOStatoil downgraded to Sector Perform from Top Pick at RBC Capital
RBC Capital downgraded Statoil two notches to Sector Preform from Top Pick based on valuation and lack of major news flow until later this year. Price target remains $185.
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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."

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