Morningstar Rating

Stock Research and Analysis

by Allen Good, CFA

Bulls Say

Statoil is at the forefront of innovation and use of technology in exploration and production. Reserves in harsh environments and deep water, such as the Arctic, are within the company's reach because of experience and subsea technology.
Statoil benefits from proximity to continental Europe, where natural gas demand is expected to increase as a result of usage for electricity generation to meet carbon emission reduction goals.
Recent discoveries on the NCS in the Barents Sea indicate resources remain and allow the company to use existing infrastructure to fast-track production. Read more 

Bears Say

With 80% of production coming from the NCS, Statoil is highly leveraged to production fields that have been in decline since 2001.
Exploration and production in politically sensitive areas is unpredictable, and the company's technology and expertise may not always translate to the new environments.
Statoil is a relatively new entrant into U.S. unconventional resources. Its lack of experience may result in poor performance or lackluster returns. Read more 

Management

Helge Lund has been CEO and president of Statoil since 2004. He previously served as CEO of a Norwegian oil and gas services and products company. The management team consists of the CEO and eight other individuals, including some who were previously   Read more 

Profile

Statoil is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the NCS,  Read more 

First Name
Last Name
Email Address
Zip Code
Create Password
Verify Password
(6-15 characters; case sensitive)

Any Sector Will Envy This Stock's Returns on Capital 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Morningstar.com Premium.