Statoil's objectives are defined in the company's articles of association. Statoil shall, either on its own or through participation in or together with other companies, carry out exploration, production, transportation, refining and marketing of petroleum and petroleum derived products, and other forms of energy, as well as other businesses.
Targets and strategies are adopted, both for Statoil as a group and for each business area, to support the company objective. Our corporate strategy has the following three main pillars:
- exploiting the full potential of the Norwegian continental shelf (NCS)
- establishing and developing growth positions outside the NCS, capitalising on our NCS and value chain competence and
- gradually developing a business within renewables based on synergies with our legacy business.
All within a framework of strict capital, cost and financial discipline.
We set absolute requirements for health, safety and the environment. Safe and efficient operations is our first priority. We aim to meet the world's growing demand for energy, while showing consideration for the environment and making an active effort to fight global climate change. We are contributing to sustainable development in relation to our core activities in the countries in which we operate. We are committed to openness and anti-corruption, as well as respect for human rights and employee rights. That applies both to our own activities and to those parts of the value chain over which we have significant influence.
Full text of the articles of association can be found on our website at www.statoil.com/articlesofassociation.
