Statoil ASA (STO)

[johnsyn]

4:35 AM Statoil (STO): Q4 net profit -49% to 12.98B Norwegian kroner ($2.36B), or 4.07 kroner per share, and vs consensus of 11.94B kroner. Adjusted EBIT +5.2% to 48.3B kroner vs 46.46B kroner. Revenues -12% to 160.6B kroner vs 164.22B. Proposes dividend of 6.75/share.

8:19 AM More on Statoil's (STO) Q4 results: Plans 2013 capex of $19B, up from $18B in 2012. Reiterated its forecast of lower Y/Y production in 2013, and says a recent asset swap with Wintershall would shave ~40K boe/day off its production. Still aims to raise production to more than 2.5B boe/day by 2020, a 25% increase over current levels.