Statoil presents annual and sustainability reports for 2015

Today 18 March, Statoil (OSE:STL, NYSE: STO) is presenting the annual reports for 2015, including the sustainability report and the payments to governments report.
“The profitability of the oil and gas industry continued to be challenged and Statoil’s reported financial results in 2015 were influenced by decreased prices. However, we continued to deliver solid operational results. Our production efficiency improved from an already strong base, our improvement programmes are showing progress and expected to continue to improve cash flow and profitability. We are now stepping up our efficiency programme and Statoil is well positioned to capture value from an expected upturn in the market,” says president and CEO of Statoil ASA, Eldar Sætre. …