Statoil reports 15% net decline, warns 2007 output target at risk

Article Abstract:

Net profit for Statoil of Norway fell 15 percent to 8.52 billion Kroner ($1.25 billion) in the fourth quarter. Losses are due to an increased tax rate and costs even though the gas company had higher gas and oil prices and increased production levels. The gas company did not meet its production projection of 1.175 million barrels.

Company Profile, Statoil ASA

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Statoil net climbs 44%; output forecast is cut

Article Abstract:

Statoil of Norway posted a soaring net profit, up by 44 percent in the second quarter. Net profit was 9.75 billion Norwegian Kronor ($1.57 billion) up from 6.75 billion Kroner last year. Revenues were due to booming oil markets however, the gas industrial forecast a decrease in oil production for 2006.

Statoil, Company overview

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GDF's revenue rises 13%: cooler weather lifted demand for heating; upbeat '07 estimate

Article Abstract:

Fourth-quarter revenue for Gaz de France increased by 13% to reach $13.6 bil, due in part to colder weather driving greater demand for heat. GDF expects 2007 results to be distinctly higher than those of 2006, as the firm exceeded its financial targets via strong business environment and cost controls.

France, Gaz de France, Financial report

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