Financial highlights
The financial downturn has been challenging for everyone, including the oil and gas industry. In an uncertain business environment, the best protection comes from solid deliveries. In 2009 we delivered on our targets, operationally and financially.
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For the year ended 31 December |
| (in NOK billion, unless stated otherwise) |
2009 |
2008 |
2007 |
2006 |
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| Financial information |
|
|
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| Total revenues |
465.4 |
656.0 |
522.8 |
521.5 |
| Net operating income |
121.6 |
198.8 |
137.2 |
166.2 |
| Net income |
17.7 |
43.3 |
44.6 |
51.8 |
| Cash flow provided by operating activities |
73.0 |
102.5 |
93.9 |
88.6 |
| Cash flow used in investing activities |
75.4 |
85.8 |
75.1 |
57.2 |
| Interest-bearning debt |
104.1 |
75.3 |
50.5 |
54.8 |
| Net interest-bearing debt |
75.3 |
46.0 |
25.5 |
43.8 |
| Total assets |
562.8 |
579.2 |
483.1 |
458.8 |
| Share Capital |
8.0 |
8.0 |
8.0 |
8.0 |
| Minority Interest |
1.8 |
2.0 |
1.8 |
1.6 |
| Net assets / Total equity |
200.1 |
216.1 |
179.1 |
169.4 |
| Net debt to capital employed |
27.3 % |
17.5 % |
12.4 % |
20.5 % |
| Return on average capital employed after tax |
10.4 % |
21.0 % |
17.7 % |
22.6 % |
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| Operational information |
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| Equity oil and gas production (mboe/day) |
1,962 |
1,925 |
1,839 |
1,780 |
| Proved oil and gas reserves (mmboe) |
5,408 |
5,584 |
6,010 |
6,101 |
| Reserve replacement ratio (three-year average) |
64% |
60% |
81% |
76% |
| Production cost (NOK / boe equity volumes) |
35.3 |
34.6 |
41.4 |
27.3 |
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| Share information |
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| Ordinary and diluted earnings per share |
5.75 |
13.58 |
13.80 |
15.82 |
| Share price at Oslo Stock Exchange on 31 December |
144.80 |
113.90 |
169.00 |
165.25 |
| Dividend paid per share NOK (1) |
6.00 |
7.25 |
8.50 |
9.12 |
| Dividend paid per share USD (2) |
1.04 |
1.26 |
1.47 |
1.58 |
| Weighted average number of ordinary shares outstanding |
3,183,873,643 |
3,185,953,538 |
3,195,866,843 |
3,230,849,707 |
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(1) See Shareholder information section for a description of how dividends are determined and information on share repurchases. (2) USD figure presented using the Central Bank of Norway 2009 year-end rate for Norwegian kroner, which was USD 1.00 = 5.7767 NOK. |
Statoil publishes financial data in accordance with IFRS. Statoil did not publish financial data in accordance with IFRS in 2006 as we previously presented financial data in accordance with US GAAP. For this reason, we have not provided selected financial data for 2005 and prior years in this Annual Report. Selected financial data for those years presented in accordance with US GAAP is included in our 2006 Annual Report on Form 20-F.