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Bullboard - Stock Discussion Forum Equinor Ord Shs STOHF

Energy Oil & Gas Integrated
Equinor ASA, formerly Statoil ASA is a Norway-based international energy company. The Company’s purpose is to turn natural resources into energy. Equinor sells crude oil and delivers natural gas to the European market. It is also engaged in processing, refining, offshore wind and carbon capture and storage activities. Equinor ASA has five reporting segments: Exploration & Production Norway (E&P... see more

OTCPK:STOHF - Post Discussion

Equinor Ord Shs > Statoil Plunges into Q1-2015 Loss on US Impairments
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Post by 1Derrick on Apr 30, 2015 4:36am

Statoil Plunges into Q1-2015 Loss on US Impairments

Statoil reported a net loss of NOK 35 billion (US$4 billion) in Q1-2015, compared to a net profit of NOK 23.7 billion in Q1-2014. The loss was due to an impairment charge of NOK 46 billion on US onshore unconventional assets.The loss was partially offset by higher refining margins and increased activities in marketing and trading segments.

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Equinor Ord Shs