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Statoil ASA (STO)

NYSE - NYSE Delayed Price. Currency in USD
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19.63+0.07 (+0.36%)
At close: 4:02PM EDT
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Statoil ASA

Forusbeen 50
Stavanger 4035
47 51 99 00 00

SectorBasic Materials
IndustryMajor Integrated Oil & Gas
Full Time Employees20,539

Key Executives

Mr. Eldar SætrePres & Chief Exec. OfficerN/AN/A61
Mr. Hans Jakob HeggeExec. VP & CFO541kN/A48
Ms. Jannicke NilssonChief Operating Officer40kN/A52
Mr. Jens ØklandExec. VP of Marketing, Midstream & Processing492kN/A48
Mr. Timothy DodsonExec. VP of ExplorationN/AN/A58
Amounts are as of December 31, 2016 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.


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. 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, 2016, it had proved reserves of 5,013 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.

Corporate Governance

Statoil ASA’s ISS Governance QualityScore as of September 1, 2017 is 4. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 1; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.