|Exchange:||New York Stock Exchange|
|Industry:||Oil & Gas Integrated|
|Statoil ASA was incorporated on September 18, 1972.The Company is an integrated oil and gas company. The Company is engaged in the exploration, production, transportation, refining and marketing of petroleum and petroleum-derived products, and other forms of energy, as well as other business. It has operations in 35 countries. The Company sells crude oil and condensate and is a supplier of natural gas to the European market. Additionally, it is engaged in processing and refining operations. The Company’s operations are managed through various business areas such as Development and Production Norway (DPN), Development and Production International (DPI), Development and Production North America (DPNA), Marketing, Processing and Renewable Energy (MPR), Technology, Projects and Drilling (TPD), Exploration (EXP), and Global Strategy and Business Development (GSB). The Company faces competition from other oil and natural gas companies in all areas of its operations, including the acquisition of licences, exploratory prospects and producing properties. The Company is subject to a variety of HSE laws and regulations concerning its products, operations and activities.|
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