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Statoil Management Discusses Q1 2012 Results - Earnings Call Transcript

Statoil ASA (STO)

Q1 2012 Earnings Call

May 8, 2012 7:30 AM ET

Executives

Hilde Nafstad – VP, IR

Torgrim Reitan – CFO

Tim Dodson – Head, Exploration

Kåre Thomsen – SVP, Accounting and Financial Compliance

Analysts

Trond Omdal – Arctic Securities

Espen Hennie – DNB Bank

Kim Evjenth – ABG

Brendan Warn – Jefferies

Jason Kenney – Santander

Jim Milligan – Olivetree Securities

Jason Gammel – Macquarie

Oswald Clint – Sanford Bernstein

Haythem Rashed – Morgan Stanley

Blake Fernandez – Howard Weil

Hootan Yazhari – Merrill Lynch

Michael Alsford – Citi

Peter Hutton – RBC

Nitin Sharma – JP Morgan

Rahim Karim – Barclays

Teodor Nilsen – Swedbank

Presentation

Hilde Nafstad

Ladies and gentlemen, welcome to Statoil’s First Earnings Presentation, 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 in Statoil.

Before we start, let me say that there are no fire drills planned for today. In case the fire alarm goes off, you will need to exit through the two back doors on each side and gather toward the same side and gather outside.

This morning, at 7:30 Central European Time, we announced the results for the first quarter of 2012. The press release and presentations for today’s event were distributed through the wires and through Oslo Stock Exchange. The quarterly reports 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.

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