Statoil Q3 profit report overshoots expectations

Note: This section contains information in English only.
Source: WBP Online
© Scanpix/AFP
One of the world's biggest oil and gas producers reported Q3 earnings data on Wednesday was well ahead of expectations. Statoil's net income after taxes added 2% to $2.1 billion from $2.02 billion last year, which is $34 million more than expected, while domestic production advanced almost 6% and international output rose by 13%. Q3 oil output grew to 1.852 million barrels comparing to 1.811 a year before.
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