Statoil cuts capex by 8% as year-on-year profit falls 30%

摘要

Statoil has cut its capital expenditure from a planned USD 20 billion to USD 18 billion in 2015, after posting a profit of NOK 9 billion (USD 1.18 billion) for Q4 2014, down over 79% on the corresponding quarter in 2013. Statoil’s profit for the full year 2014 was down 30% year on year, with the Norwegian company posting NOK 109.5 billion (USD 14.6 billion).