Statoil ASA: 2016 second quarter results
- Solid operational performance – while financial results are affected by low prices
- Maintaining production guiding – lowering 2016 capex and exploration guidance
- Continued focus on strict capital discipline
“We delivered solid operational performance with strong production growth and progress on project development and execution. Our financial results were affected by low oil and gas prices in the quarter,” says Eldar Sætre, President and CEO of Statoil ASA. ….