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We have audited the financial statements of Statoil Petroleum AS which comprise the balance sheet as 31 December 2017, income statement, statement of comprehensive income, statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.
Statoil continues to deliver on the improvement ambitions, and demonstrates strong operational performance. A free cash flow1. of US D 3.1 billion made Statoil cash - flow neutral well below 50 USD per barrel. Strong safety performance is essential to Statoil’s license to operate.
Statoil, Annual Report and Form 20-F 2016 1 2016 Annual Report and Form 20-F INTRODUCTION FINANCIAL STATEMENTS AND SUPPLEMENTS Message from Chair of the board 05 4.1 Consolidated financial statements Statoil 119 Chief executive letter Statoil at a glance About this report 07 08 10 4.2 Parent company financial statements 191 STRATEGIC REPORT
7 cze 2011 · The consolidated financial statements can be obtained by contacting Statoil ASA, Forusbeen 50, 4035 Stavanger or from the website, www.statoil.com. With effect from 1 January 2009, the parent company Statoil ASA transferred the ownership of its net assets on the Norwegian Continental Shelf (NCS) to
Statoil`s cash flows in 2013 reflect a high investment level, continued portfolio optimisation and issuance of new debt resulting in an increase in cash and cash equivalents and short-term financial investments.
13 wrz 2024 · The cash flow statement shows how the entity generates and uses cash in its operations and investing activities, as well as how it secures funds through borrowings and services its debt. It also provides insights into the entity’s cash dividends and other cash distributions to investors.
Cash flow information is useful in assessing the ability of the entity to generate cash and cash equivalents and enables users to develop models to assess and compare the present value of the future cash flows of different entities. It also enhances the comparability of the reporting of operating.
