The Norwegian oil giant reported a net profit which was considerably higher than analysts’ forecasts.
The Norwegian oil giant Statoil reported a reported net profit of 10 billion Norwegian crowns (12) for the second quarter of 2015, corresponding to SEK 3.15 per share (3.7).
Expected was a reported net profit of 5.5 billion NOK and SEK 1.72 per share, according to an analyst survey by SIX News / Inquiry Financial.
The reported operating profit was SEK 32 billion (32). Analysts had expected 20 billion.
The total revenue for the quarter came in at 124 billion Norwegian kronor (142). Waited was 125 billion.
The oil company predicts that organic capex for the full year 2015 amounts to 17.5 billion dollars.
Statoil tracks on the exploration activity level amounts to $ 3.2 billion in 2015, excluding bonuses.
The company also announced that, starting from the first quarter of 2016 will present quarterly results in US dollars. The quarterly distributions will be presented in dollars starting from this quarter.
The Board proposes that the dividend for the second quarter will be $ 0.2201 per ordinary share, equivalent to 1.80 Norwegian kroner.
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