Statoil is focused on cutting costs and improving returns.
Statoil enjoyed a strong tailwind from improving oil and gas prices as well as refining margins in the third quarter, yielding adjusted earnings of $2.3 billion versus $600 million last year. Higher price realizations, strong production growth of 13%, and improving adjusted operating expenses per barrel had a positive effect on the exploration and production segment, generating $2 billion in adjusted earnings compared with $400 million last year. Operations in Norway benefited from higher produc...
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.
We have operations in 27 countries.
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