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Statoil ASA - ADR - Company Profile Snapshot

Company Profile: Statoil ASA - ADR
Ticker: STO
Exchanges: NYSE
2009 Sales: n/a
Major Industry: Oil, Gas, Coal & Related Services
Sub Industry: Integrated Int'l Oil Producers
Country: NORWAY
Employees: 29496

Business Description
Statoil ASA Formerly known as StatoilHydro ASA. The Group's principal activities are to explore, produce, transport, refine and market petroleum and petroleum-derived products. The Group operates in four segments: Exploration and Production Norway, International Exploration and Production, Natural Gas and Manufacturing and Marketing Group. Exploration and Production Norway includes exploration, development and production of oil and gas on the Norwegian continental shelf. International Exploration and Production includes all upstream related activities of exploration, development and production operations outside Norway. Natural Gas division transports, processes and markets oil and gas from the NCS to European destinations. Manufacturing and Marketing division comprises downstream activities including sales and trading of crude oil, NGL and petroleum products, refining, methanol production, retail and industrial marketing of oil. The Group operates worldwide.

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