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.

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