Consensus 

Every quarter ahead of the earnings announcement, Statoil will collect earnings and production estimates from the equity analysts currently covering the company. These numbers become a proxy for what the market expects in terms of Statoil’s results.

3rd quarter 2016 – Collected October 2016, 27 analysts provided input
In million USD
DPN 1031
DPI -359
MMP 340
Other -54
Adjusted earnings before tax 957
Tax, DPN 641
Tax, DPI -11
Tax, MMP 162
Tax, Other -17
Tax in total 775
Adjusted earnings after tax 182
Expensed exploration impacting DPN 117
Expensed exploration impacting DPI 219
Kbd
Liquids production Norway 573
Gas production Norway 563
Liquids production outside of Norway, equity 560
Gas production outside of Norway, equity 180
Total production, equity 1874
PSA and US royalty effect 145
Total production, entitlement 1729
Realized price DPN, liquids/bbl USD 41,9
Realized price DPI, liquids/bbl USD 37,7
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Note that “tax in total” is based upon all received inputs and does not equal the sum of tax per segment as the number of inputs may vary. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax in total. Total equity production and entitlement production is the sum of the consensus items for production.
2nd quarter 2016 – Collected July 2016, 22 analysts provided input
In million USD
DPN 1359
DPI -393
MMP 442
Other -43
Adjusted earnings before tax 1365
Tax, DPN 894
Tax, DPI -14
Tax, MMP 154
Tax, Other -9
Tax in total 1052
Adjusted earnings after tax 313
Expensed exploration impacting DPN 95
Expensed exploration impacting DPI 237
Kbd
Liquids production Norway 580
Gas production Norway 611
Liquids production outside of Norway, equity 555
Gas production outside of Norway, equity 170
Total production, equity 1915
PSA and US royalty effect 141
Total production, entitlement 1774
Realized price DPN, liquids/bbl USD 42,3
Realized price DPI, liquids/bbl USD 37,5
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Note that “tax in total” is based upon all received inputs and does not equal the sum of tax per segment as the number of inputs may vary. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax in total. Total equity production and entitlement production is the sum of the consensus items for production.
1st quarter 2016 – Collected April 2016, 26 analysts provided input
In billion USD
DPN 1,11
DPI -0,81
MMP 0,45
Other -0,04
Adjusted earnings before tax 0,71
Tax, DPN 0,74
Tax, DPI -0,05
Tax, MMP 0,18
Tax, Other -0,01
Tax in total 0,75
Adjusted earnings after tax -0,04
Expensed exploration impacting DPN 0,09
Expensed exploration impacting DPI 0,2
Kbd
Liquids production Norway 605
Gas production Norway 691
Liquids production outside of Norway, equity 566
Gas production outside of Norway, equity 167
Total production, equity 2027
PSA and US royalty effect 132
Total production, entitlement 1895
Realized price DPN, liquids/bbl USD 31,8
Realized price DPI, liquids/bbl USD 28,1
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Note that “tax in total” is based upon all received inputs and does not equal the sum of tax per segment as the number of inputs may vary. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax in total. Total equity production and entitlement production is the sum of the consensus items for production.
4th quarter 2015 – Collected January 2016, 28 analysts provided input
In billion NOK
DPN 14,6
DPI -5,3
MMP 4,9
Other -0,4
Adjusted earnings before tax 13,8
Tax 10,7
Adjusted earnings after tax 3,1
Expensed exploration impacting DPN 1,2
Expensed exploration impacting INT 2,4
Kbd
Liquids production Norway 606
Gas production Norway 692
Liquids production outside of Norway, equity 569
Gas production outside of Norway, equity 170
Total production, equity 2036
PSA and US royalty effect 160
Total production, entitlement 1876
Realized price DPN, liquids/bbl USD 39,8
Realized price DPI, liquids/bbl USD 36,0
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
3rd quarter 2015 – Collected October 2015, 31 analysts provided input
In billion NOK
DPN 15,2
DPI -2,4
MMP 5,0
Other -0,3
Adjusted earnings before tax 17,5
Tax 12,3
Adjusted earnings after tax 5,2
Expensed exploration impacting DPN 1,1
Expensed exploration impacting INT 2,5
Kbd
Liquids production Norway 585
Gas production Norway 589
Liquids production outside of Norway, equity 560
Gas production outside of Norway, equity 162
Total production, equity 1896
PSA and US royalty effect 159
Total production, entitlement 1737
Realized price DPN, liquids/bbl USD 46,1
Realized price DPI, liquids/bbl USD 42,6
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
2nd quarter 2015 – Collected July 2015, 33 analysts provided input
In billion NOK
DPN 16,4
International - 0,5
MPR 3,9
Other -0,3
Adjusted earnings before tax 19,5
Tax 13,6
Adjusted earnings after tax 5,9
Expensed exploration impacting DPN 1,3
Expensed exploration impacting INT 2,1
Kbd
Liquids production Norway 573
Gas production Norway 550
Liquids production outside of Norway, equity 561
Gas production outside of Norway, equity 164
Total production, equity 1848
PSA and US royalty effect 170
Total production, entitlement 1678
Realized price, liquids/bbl USD 54,7
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
1st  quarter 2015 – Collected April 2015, 32 analysts provided input
In billion NOK
DPN 17,2
International - 3,8
MPR 4,3
Other -0,2
Adjusted earnings before tax 17,5
Tax 12,9
Adjusted earnings after tax 4,6
Expensed exploration impacting DPN 1,4
Expensed exploration impacting INT 2,5
Kbd
Liquids production Norway 598
Gas production Norway 681
Liquids production outside of Norway, equity 564
Gas production outside of Norway, equity 201
Total production, equity 2044
PSA and US royalty effect 162
Total production, entitlement 1882
Realized price, liquids/bbl USD 47,0
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
4th quarter 2014 – Collected January 2015, 31 analysts provided input
In billion NOK
DPN 22,3
International 0,4
MPR 3,8
Other -0,2
Adjusted earnings before tax 26,3
Tax 18,4
Adjusted earnings after tax 7,9
Expensed exploration impacting DPN 1,5
Expensed exploration impacting INT 3,1
Kbd
Liquids production Norway 601
Gas production Norway 632
Liquids production outside of Norway, equity 560
Gas production outside of Norway, equity 197
Total production, equity 1990
PSA and US royalty effect 189
Total production, entitlement 1801
Realized price, liquids/bbl USD 68,0
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
3rd quarter 2014 – Collected October 2014, 26 analysts provided input
In billion NOK
DPN 23,4
International 5,0
MPR 2,8
Other -0,2
Adjusted earnings before tax 31,0
Tax 21,6
Adjusted earnings after tax 9,4
Expensed exploration impacting DPN 1,5
Expensed exploration impacting INT 2,8
Kbd
Liquids production Norway 562
Gas production Norway 508
Liquids production outside of Norway, equity 528
Gas production outside of Norway, equity 198
Total production, equity 1796
PSA and US royalty effect 196
Total production, entitlement 1600
Realized price, liquids/bbl USD 94,5
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
2nd quarter 2014 – Collected July 2014, 25 analysts provided input
In billion NOK  
DPN 28,0
International 6,1
MPR 2,4
Other -0,3
Adjusted earnings before tax 36,2
Tax 25,4
Adjusted earnings after tax 10,8
Expensed exploration impacting DPN 1,5
Expensed exploration impacting INT 2,8
Kbd  
Liquids production Norway 560
Gas production Norway 556
Liquids production outside of Norway, equity 519
Gas production outside of Norway, equity 197
Total production, equity 1832
PSA and US royalty effect 200
Total production, entitlement 1632
Realized price, liquids/bbl USD 101,3
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
1st quarter 2014 – Collected April 2014, 29 analysts provided input
In billion NOK
DPN 33,5
International 5,6
MPR 3,2
Other -0,1
Adjusted earnings before tax 42,2
Tax 29,7
Adjusted earnings after tax 12,5
Expensed exploration impacting DPN 1,3
Expensed exploration impacting INT 2,9
Kbd
Liquids production Norway 578
Gas production Norway 657
Liquids production outside of Norway, equity 528
Gas production outside of Norway, equity 203
Total production, equity 1966
PSA-effect 171
Total production, entitlement 1795
Realized price, liquids/bbl USD 99,7
Price, gas/scm NOK 1,98
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
4th quarter 2013 – Collected January 2014, 32 analysts provided input
In billion NOK  
DPN 34,5 
International  6,6
MPR 3,0
Other -0,1
Adjusted earnings before tax 44,0
Tax 31,2
Adjusted earnings after tax 12,8
Expensed exploration impacting DPN 1,5
Expensed exploration impacting INT 3,3
Kbd
Liquids production Norway 582
Gas production Norway 650
Liquids production outside of Norway, equity 544
Gas production outside of Norway, equity 193
Total production, equity 1969
PSA-effect 181
Total production, entitlement 1788
Realized price, liquids/bbl USD 101,4
Price, gas/scm NOK 2,06
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
3rd quarter 2013 – Collected October 2013, 28 analysts provided input
In billion NOK
DPN 31,1
International 6,8
MPR 1,9
Other -0,1
Adjusted earnings before tax 39,7
Tax 27,9
Adjusted earnings after tax 11,8
Expensed exploration impacting DPN 1,2
Expensed exploration impacting INT 3,0
Kbd
Liquids production Norway 572
Gas production Norway 561
Liquids production outside of Norway, equity 540
Gas production outside of Norway, equity 171
Total production, equity 1844
PSA-effect 186
Total production, entitlement 1658
Realized price, liquids/bbl USD 101,14
Price, gas/scm NOK 1,98
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
2nd quarter 2013 – Collected July 2013, 30 analysts provided input
In billion NOK
DPN 32,8
International 4,9
MPR 2,9
Other -0,1
Adjusted earnings before tax 40,5
Tax 28,9
Adjusted earnings after tax 11,6
Expensed exploration impacting DPN 1,1
Expensed exploration impacting INT 2,7
Kbd
Liquids production Norway 592
Gas production Norway 632
Liquids production outside of Norway, equity 513
Gas production outside of Norway, equity 175
Total production, equity 1912
PSA-effect 186
Total production, entitlement 1726
Realized price, liquids/bbl USD 95,45
Price, gas/scm NOK 2,07
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
1st quarter 2013 – Collected April 2013, 33 analysts provided input
In billion NOK
DPN 37,4
International 6,1
MPR 4,2
Other -0,1
Adjusted earnings before tax 47,6
Tax 33,9
Adjusted earnings after tax 13,7
Expensed exploration impacting DPN 1,2
Expensed exploration impacting INT 2,9
Kbd
Liquids production Norway 594
Gas production Norway 712
Liquids production outside of Norway, equity 524
Gas production outside of Norway, equity 157
Total production, equity 1987
PSA-effect 188
Total production, entitlement 1799
Realized price, liquids/bbl USD 104,7
Price, gas/scm NOK 2,21
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
4th quarter 2012 – Collected January 2013, 33 analysts provided input
In billion NOK
DPN 37,0
International 5,4
MPR 4,0
Other -0,1
Adjusted earnings before tax 46,3
Tax 34,0
Adjusted earnings after tax 12,3
Expensed exploration impacting DPN 1,1
Expensed exploration impacting INT 2,9
Kbd
Liquids production Norway 598
Gas production Norway 737
Liquids production outside of Norway, equity 518
Gas production outside of Norway, equity 150
Total production, equity 2003
PSA-effect 196
Total production, entitlement 1807
Realized price, liquids/bbl USD 102,0
Price, gas/scm NOK 2,25
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.
3rd quarter 2012 – Collected October 2012, 33 analysts provided input
In billion NOK
DPN 34,4
International 5,5
MPR 3,0
Other -0,1
Adjusted earnings before tax 42,8
Tax 30,6
Adjusted earnings after tax 12,2
Expensed exploration impacting DPN 0,9
Expensed exploration impacting INT 2,4
Kbd
Liquids production Norway 598
Gas production Norway 565
Liquids production outside of Norway, equity 519
Gas production outside of Norway, equity 140
Total production, equity 1822
PSA-effect 205
Total production, entitlement 1617
Realized price, liquids USD 101,7/b
Price, gas NOK 2,13/scm
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production.

2nd quarter 2012 – Collected July 2012, 35 analysts provided input
In billion NOK
DPN 38,8
International 5,9
MPR 2,7
SFR 0,4
Other 0,0
Adjusted earnings before tax 47,8
Tax 34,2
Adjusted earnings after tax 13,6
Expensed exploration impacting DPN 0,9
Expensed exploration impacting INT 2,5
Kbd
Liquids production Norway 663
Gas production Norway 627
Liquids production outside of Norway, equity 497
Gas production outside of Norway, equity 138
Total production, equity 1925
PSA-effect 215
Total production, entitlement 1710
Realized price, liquids USD 102,5/b
Price, gas NOK 2,28/scm
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production. Consensus for SFR represents 100% of SFR, not the 54% held by Statoil ASA.


1st quarter 2012 – Collected April 2012, 32 analysts provided input
In billion NOK
DPN 44,3
International 5,8
MPR 2,9
SFR 0,4
Other -0,1
Adjusted earnings before tax 53,5
Tax 38,2
Adjusted earnings after tax 15,1
Expensed exploration impacting DPN 1,4
Expensed exploration impacting INT 2,2
Kbd
Liquids production Norway 690
Gas production Norway 779
Liquids production outside of Norway, equity 471
Gas production outside of Norway, equity 131
Total production, equity 2072
PSA-effect 205
Total production, entitlement 1866
Realized price, liquids USD 111,2/b
Price, gas NOK 2,27/scm
Method: Consensus numbers for reporting segments, as well as tax and production items, represent the average of the inputs after deducting the highest and lowest value for each item. The consensus numbers for adjusted earnings (before tax) represents the sum of the consensus for reporting segments. Estimate for after tax earnings equals the consensus pre-tax number minus consensus for tax. Total equity production and entitlement production is the sum of the consensus items for production. Consensus for SFR represents 100% of SFR, not the 54% held by Statoil ASA.


In the fourth quarter of 2011, 36 analysts have contributed with their expectations.

   Fourth quarter 2011
Adjusted earnings after tax consensus  13.3  bn NOK
Equity production consensus  1 938 kboed


In the third quarter of 2011, 34 analysts have contributed with their expectations.

   Third quarter 2011
Adjusted earnings after tax consensus  12.8  bn NOK
Equity production consensus  1 724 kboed

In the second quarter of 2011, 30 analysts have contributed with their expectations.
   Second quarter 2011
Adjusted earnings after tax consensus  12.9  bn NOK
Equity production consensus  1 720 kboed

In the first quarter of 2011, 29 analysts have contributed with their expectations.
   First quarter 2011
Adjusted earnings after tax consensus  14.2  bn NOK
Equity production consensus  1 941 kboed

In the fourth quarter of 2010, 23 analysts have contributed with their expectations. 

Fourth quarter 2010

Adjusted earnings after tax consensus 12.5  bn NOK
Equity production consensus 1 983 kboed


In the third quarter of 2010, 26 analysts have contributed with their expectations. 

 

 Third quarter 2010

Adjusted earnings after tax consensus 9.3 bn NOK 
Equity production consensus 1 671 kboed