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Wednesday, February 10, 2010, 11:01AM ET - U.S. Markets close in 4 hours and 59 minutes. Dow Down 0.56% Nasdaq Down 0.56%
Statoil ASA (STO)At 10:45AM ET: 21.53  Down 0.69 (3.11%)  
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Statoil ASA
Forusbeen 50
Stavanger,  4035
Norway - Map
Phone: 47 51 99 00 00
Fax: 47 51 99 00 50
Web Site: http://www.statoilhydro.com

DETAILS 
Index Membership:N/A
Sector:Basic Materials
Industry:Oil & Gas Drilling & Exploration
Full Time Employees:29,496

BUSINESS SUMMARY 
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. In addition, the company engages in petroleum refining operations; and marketing crude oil and refined petroleum products. As of December 31, 2008, it had proved reserves of 2201 million barrels of oil and 537.8 billion cubic meters of natural gas. Statoil’s energy and retail network consists of approximately 2,300 service stations in Scandinavia, Poland, the Baltic States, and Russia; and 350 truck stops in 8 countries. It was formerly known as StatoilHydro ASA and changed its name to Statoil ASA in November 2009. The company was founded in 1972 and is based in Stavanger, Norway.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Mr. Helge Lund , 47
    Chief Exec. Officer
    $ 1.55MN/A
    Mr. Eldar Saetre , 54
    Chief Financial Officer and Chairman of Corp. Risk Committee
    $ 654.00KN/A
    Mr. Peter Mellbye , 61
    Exec. VP of International Exploration and Production Bus. Area
    $ 855.00KN/A
    Mr. Rune Bjoernson , 51
    Exec. VP of Natural Gas Bus. Area
    $ 542.00KN/A
    Ms. Helga Nes , 54
    Chief Staff Officer and Exec. VP of Corp. Staffs and Services
    $ 68.00KN/A
    Dollar amounts are as of 31-Dec-08 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.


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