Analysts believe Statoil results may fall 38 percent – Aftenposten

Analysts believe Statoil results may fall 38 percent – Aftenposten

Analysts also believe that the value of the oil company is likely to fall by 17 percent in 2014 from the previous year, writes Stavanger Aftenblad.

Statoil submits results for the fourth quarter Friday next week. Then expect analysts the adjusted earnings of 26.3 billion, while in the same quarter a year ago was 42.3 billion dollars.

The oil company had in the third quarter 2013 adjusted earnings third quarter of 30 , 9 billion, a decrease of 40.4 billion dollars, or 23 percent. For the first nine months of 2014 was the company’s adjusted operating profit 109.2 billion, a decline of 10 percent.

With analysts’ expectations will adjusted earnings in 2014 thus be 135.5 billion, down 17 percent compared with net income of 163.1 billion dollars in 2013, the newspaper said. (© NTB)

Published: 28th of January. 2015 9:34 p.m.