I mean, the summary of all is that we delivered record results, net operating income of NOK211.8 billion. Adjusted earnings were up 26% to NOK179.9 billion, record earnings delivering an EPS of NOK24.76 and also a strong underlying cash flow from our operations at NOK244 billion. This has been driven by primarily production according to our expectations and plans and also through solid prices as you all know and finally, that we have made a number of transactions recently that also gave NOK23 billion in gain on sale of assets that contributed also to the results for 2011.I think more importantly for the group, I think 2011 was a strong year in terms of industrial progress. And by that I believe – by that I mean safe and efficient operations and if you look at the safety results here measured in number of serious incidents per million work hours at 0.9, we have never been at this level.
Statoil's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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