歐洲能源巨頭2016年第一季度獲利

Norway’s Statoil ASA and France-based Total S.A. both posted profits in the first quarter of this year, despite continued low oil prices.

Statoil’s adjusted earnings after tax amounted to $122 million in 1Q 2016, beating an average forecast from 12 analysts surveyed by Bloomberg which predicted a $125 million loss for the period. The Norwegian energy firm posted a loss of $1.5 billion in the previous quarter and a profit of $902 million in the first quarter of 2015.
In its first quarter results statement, Statoil said that its organic capital expenditures for 2016 are estimated at around $13 billion, down from $14.7 billion in 2015, with around $2 billion earmarked for exploration. Statoil also warned that it expects to deliver efficiency improvements with pre-tax cash flow effects of around $2.5 billion from this year.

Statoil delivered equity production of 2.05 million barrels of oil equivalent per day in 1Q 2016, which was roughly two percent higher compared to the first quarter last year. Higher production than expected in Norway helped Statoil’s profit beat expectations, according to a research note from Jefferies Group LLC.

The company’s equity production for 2016 is estimated to be lower than the 2015 level due to Statoil’s “value over volume-approach”. Scheduled maintenance activity is estimated to reduce quarterly production by approximately 55,000 boepd in the second quarter of 2016. In total, maintenance is estimated to reduce equity production by around 60,000 boepd for the full fiscal year 2016, which is higher than the 2015 impact.