Website maintenance:

We will carry out maintenance on the website for a period to come. We apologize in advance for any problems this may cause. If you are unable to access the website it is probably due to updates. Please try to re-enter the website in 10 minutes time. Sincerely, The Web Development team!

Expecting a real downturn for Statoil

Statoil.Statoil.Photo: Heiko Junge / NTB scanpix

Advertisement

The first  quarter results from Statoil will be published on Wednesday. The big question is not whether there will be a downturn, but how big the downturn will be.

– Expectations for the first quarter is one  third of the what Statoil delivered in the fourth quarter of 2015, says equity analyst Christian Yggeseth in Arctic Securities.

Prior to the presentation, Statoil has obtained expectations, earnings and production estimates from 26 equity analysts. A compiled analysis estimates an operating result of $ 710 million, with a net loss of $ 40 million after tax.

 

Source: NTB scanpix / Norway Today

 

 

Advertisement