Analysts think Statoil profits will be halved

Statoil headquartersStatoil headquarters.Photo. Norway Today Media

Analysts are expecting a halving of Statoil’s result when the oil company presents its second quarter accounts next week.
SME Direct has collected estimates from nine analysts for TDN Finans,  the newspaper Dagens Næringsliv writes.

The average of estimates show that Statoil is expected to submit an adjusted operating profit of around 1.463 million USD for the second quarter of 2016, compared to an adjusted earnings of 2,883 one million US dollars in the same period last year.

Source: NTB scanpix / Norway Today

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