Statoil is focused on cutting costs and improving returns.
Statoil posted another sharp increase in adjusted earnings in the second quarter to $3 billion from $0.9 billion last year, owing to improved price realizations of 13%, production growth, and cost savings. In Norway, production increased 3% as higher gas off-take and new field ramp-ups offset natural declines and turnarounds. The addition of higher realized gas prices resulted in adjusted earnings for the segment rising by 85% to $1,935 million. International operations turned a profit of $876 m...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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