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Norwegian oil and gas company Statoil ASA has swung to a profit of $611 million

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COPENHAGEN, Denmark — Norwegian oil and gas company Statoil ASA has swung to a profit of $611 million in the first quarter as reduced costs helped offset low crude prices.


The figure reported Wednesday compares with a loss of $4.57 billion in the same period last year, when Norway’s biggest oil producer had large write-downs.


http://fuelfix.com/blog/2016/04/27/statoil-swings-to-profit/?utm_source=WhatCountsEmail&utm_medium=newsmail_free_fuelfix&utm_campaign=FuelFixNewsLetter


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