Top 250

View By:

11. Statoil ASA

Company Info

State or country

Norway

Geographical Location

EMEA

Assets

$119,203 mil

Revenues

$89,523 mil

Profits

$6,473 mil

Return on invested
capital (ROIC)

12%

3 yr CGR % Revenues

Company data as of 6/01/2011 provided by S&P Capital IQ

Company Snapshot

Statoil ASA engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products. The company involves in the exploration, development, and production of crude oil and natural gas in Norway and internationally, as well as extraction of natural gas liquids.

It also transports and markets natural gas and natural gas products; and engages in petroleum refining operations, as well as marketing crude oil and refined petroleum products. In addition, the company involves in the retail sale of stationary energy primarily heating oil, kerosene, liquefied petroleum gas, and heavy fuel for industrial purposes; marine fuel comprising marine gasoil and heavy fuel; and aviation fuel, lubricants, and chemicals.

As of December 31, 2010, it had proved reserves of 2,124 million barrels of oil, as well as 509 billion cubic meters of natural gas, corresponding to aggregate proved reserves of 5,325 million barrels-of-oil equivalent; and operated a network of 2,283 fuel stations, including a combination of full-service stations, which has integrated convenience stores, and automated fuel stations and truck stops located in Scandinavia, Poland, Latvia, Lithuania, Estonia, and Russia.

The company was formerly known as StatoilHydro ASA and changed its name to Statoil ASA in November 2009. Statoil ASA was founded in 1972 and is headquartered in Stavanger, Norway.

Data provided by


Helge Lund, 49
TITLES:
Chief Executive Officer and President
Data provided by

Top 250

11. Statoil ASA

Related Content

Resources

Tools