2012 first quarter results  

Statoil's  (OSE:STL, NYSE:STO) first quarter 2012 net operating income was NOK 57.9 billion, a 14% increase compared to NOK 50.8 billion in the first quarter of 2011.

"Statoil grew production by 11% and realised high oil and gas prices in the first quarter of 2012, generating strong financial results for the period. Production was as expected, and we maintain our guidance for 2012," says Helge Lund, Statoil's president and CEO.