Statoil's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Statoil ASA (STO)

Q4 2011 Earnings Call

February 8, 2012 7:30 AM ET

Executives

Hilde Nafstad – VP, IR

Helge Lund – CEO

Torgrim Reitan – EVP and CFO

Analysts

John Olaisen – Carnegie

Trond Omdal – Arctic Securities

Haythem Rashed – Morgan Stanley

Carl Bachke – RS Platou

Anne Gjøen – Handelsbanken Capital Markets

Michael Alsford – Citigroup

Jason Gammel – Macquarie

Brendan Warn – Jefferies

Nitin Sharma – JPMorgan

Lucy Haskins – Barclays Capital

Presentation

Hilde Nafstad

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Ladies and gentlemen, welcome to Statoil’s Fourth Quarter Earnings Presentation and Strategy Update, both to the audience here in Oslo and to our audio and webcast audience. My name is Hilde Nafstad. I’m the Head of Investor Relations with Statoil.

Before we start, let me say that there are no fire drills planned for today. In case the fire alarm goes up, you will need to exit through the two doors in the back of each side of the room and continue on towards the same side and downwards.

This morning at 7:30 Central European Time, Statoil announced the results for the fourth quarter of 2011. The press release and presentations for today’s event was distributed through the wires and through Oslo Stock Exchange. The quarterly report and the presentations can, as usual, be downloaded from our website, statoil.com. I would ask you to kindly make special note of the information regarding forward-looking statements, which can be found on the last page on the presentation set.

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