Statoil’s 2012 Q2 Operating Income is NOK 62.0 Billion

- July 26th, 2012

Statoil (NYSE:STO) reported that its 2012 second quarter net operating income was NOK 62.0 billion.

Statoil (NYSE:STO) reported that its 2012 second quarter net operating income was NOK 62.0 billion.

As quoted in the press release:

Statoil’s adjusted earnings [8] of NOK 45.8 billion in the second quarter are 5% higher than the same period in 2011, mainly a result of higher gas prices and increased volumes of oil and gas sold.

Statoil’s President and CEO, Helge Lund said:

Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compared to the same period last year. Production in the second quarter was as expected and we maintain our production guidance for 2012.

Click here to read the Statoil (NYSE:STO) press release.

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