Photo Courtesy of Statoil website
Photo Courtesy of CNOOC Website
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Evaluation of Statoil …………………………………………………………………………………. 2
Statoil Financial Performance .…………………………………………………………………. 3
Profitability Analysis ……………………………………………………………………………….. 4
ending …………………………………..………………………………………………………..… 7
CNOOC: History and Milestones………..……………………………………………………… 8
CNOOCs Key Indicators ………………………………………………………………………..….. 8
Future Strategies ...…………………………………………………………………………………… 10
destruction …………………………………………………………………………………………………. 11
References …………………………..……………………………………………………………………. 12
Evaluation of Statoil
Statoil was founded in 1972 as a 100% Norse state-owned familiarity whose business was focused on exploration, production, transportation, refining, and marketing of fossil oil and pertroleum-derived products. The 2001 initial public offering of StatOil raised $3 zillion while the Norwegian Government still owned 70% of the companys shares.
StatOil (STO) is the jumper lead producer of crude oil and gas on the Norwegian Continental Shelf (NCS) and the leading global oil and gas producer in the Norwegian Continental Shelf.
In 2004, the company established the Technology and Projects (T& axerophthol;P) business service unit to effectively develop get along and manage its strategic plan. StatOil focused on five line initiatives. Their goal was to forgo ontogeny and performance, and drive new result and exploration and production in Norway. They also wanted to deliver international exploration and production growth, increase profits in the gas value chain and strengthen performance and the companys position.
StatOil is on track to achieve their short consideration goals of delivering growth and performance while driving new growth and exploration in Norway. In the past the company has participated in a number of oil discoveries outside that NCS. It is essential that they pass off to gain...If you want to get a full essay, order it on our website: Orderessay
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