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    Statoil ASA (STO)

    16.16 Down 1.24(7.13%) Jun 24, 4:02PM EDT
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    Statoil ASA
    Forusbeen 50
    Stavanger, 4035
    Norway - Map
    Phone: 47 51 99 00 00
    Fax: 47 51 99 00 50
    Website: http://www.statoil.com

    Index Membership:N/A
    Sector:Basic Materials
    Industry:Major Integrated Oil & Gas
    Full Time Employees:21,581

    Business Summary 

    Statoil ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Midstream and Processing; and Other segments. It owns exploration licenses in Norway, North America, South America and sub-Saharan Africa, North Africa, Europe and Asia, and the Oceania. The company also transports, processes, manufactures, markets, and trades oil and gas commodities, such as crude, condensate, gas liquids, products, natural gas, and liquefied natural gas (LNG); markets and trades electricity and emission rights; and operates refineries, gas processing plants, LNG plant, methanol plant, and crude oil terminals. In addition, the company develops offshore wind, and carbon capture and storage projects, as well as offers other renewable energy and low-carbon energy solutions. As of December 31, 2015, it had proved reserves of 5,060 million barrels of oil equivalent. 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.

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    Key Executives 
    Mr. Eldar Saetre , 60
    Chief Exec. Officer and Pres
    Mr. Anders Opedal , 48
    Chief Operating Officer and Exec. VP
    Ms. Margreth Øvrum M.Sc., 58
    Exec. VP of Technology, Projects & Drilling
    Mr. John Knight , 58
    Exec. VP of Global Strategy and Bus. Devel.
    Mr. Jens Økland , 47
    Exec. VP of Marketing, Midstream & Processing
    Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.