This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Statoil Present Annual And Sustainability Reports For 2013

Stocks in this article: STL STO

Stavanger, Norway, March 21, 2014 (GLOBE NEWSWIRE) -- Statoil (OSE:STL) (NYSE:STO) is today, 21 March, presenting on its website the company's annual and sustainability reports for 2013, along with the US Form 20-F report.

"Our 2013 operational performance was good; with safety improvements, production as expected and strong project execution. We delivered leading exploration results and strengthened our reserve base," states CEO Helge Lund in his introduction to the annual and sustainability reports.

Statoil recorded in 2013 the best exploration results in the industry measured in conventional volumes. The Bay du Nord discovery off the coast of Newfoundland in Canada was the world's largest conventional oil discovery by volume in 2013. In total we added 1.25 billion barrels of oil equivalent from exploration. A record high international production of 723,000 barrels of oil equivalent per day, divestments that generated revenues of more than USD 4 billion and a reduction in the serious injury frequency from 1.0 per million hours worked in 2012 to 0.8 per million hours worked in 2013, number among the several positive features during the previous year.

"The year was marked by the terrorist attack on In Amenas on 16 January 2013, in which forty innocent people, including 5 highly esteemed Statoil employees, lost their lives. The investigation report published in September 2013 revealed the need for improvements in several areas within security. We have established a specially designed security improvement programme that is now well underway in implementing the report's recommendations and ensuring they are integrated in the company's day-to-day security efforts," adds Lund.

Statoil's 2013 annual report includes an interactive function that enables users to analyse the company's results in a number of ways. The sustainability report forms part of the annual report.

"Our sustainability reporting reflects our commitment to long-term, sustainable growth in line with the principles of the UN Global Compact."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,659.92 -12.68 -0.07%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs