Local Business Statoil thanks higher US output for jump in profits By Mark Lammey April 25 2018, 4:13 pm April 25 2018, 4:13 pm Share Statoil thanks higher US output for jump in profits Share via Facebook Twitter Whatsapp Messenger Linkedin Email Post link https://www.pressandjournal.co.uk/fp/business/local/1462003/statoil-thanks-higher-us-output-for-jump-in-profits/ Copy Link Eldar Saetre, Statoil chief executive Statoil said higher US production helped the Norwegian energy giant increase its first quarter profits by 12.3% to £3.25 billion. Revenues for the three months totalled £14.2 billion, up 27.8% year-on-year, as higher oil and gas prices had a positive impact. The company, which is expected to change its name to Equinor, said international production had reached a record high. To read more on Energy Voice, click here.
