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Company nameStatoil ASA
Company typeAllmennaksjeselskap
IndustryPetroleum, power generation
Founded1 October 2007
HeadquartersStavanger, Norway
Key peopleHelge Lund (CEO), Svein Rennemo (Chair)
ProductsOil and natural gas exploration and production, petrochemicals
ServicesFuel stations
RevenueNOK 529.65 billion (2010)
Operating incomeNOK 137.23 billion (2010)
Net incomeNOK 38.08 billion (2010)
Total assetsNOK 643.01 billion (end 2010)
Total equityNOK 226.40 billion (end 2010)
Employees30,340 (end 2010)

     Home | Company | StatoilHydro

Statoil ASA, trading as Statoil and formerly known as StatoilHydro, is a Norwegian energy company, formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. The Government of Norway is the largest shareholder in Statoil with 67% of the shares. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy.

Statoil is a fully integrated petroleum company with production operations in thirteen countries and retail operations in eight. By revenue Statoil is in 2010 ranked by Fortune Magazine as the world's 13th largest oil and gas company, and the largest company in the Nordic region by revenue, profit, and market capitalization.

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