Friday, July 7, 2017

The Horrible Oil & Gas Market Has Devastated Norway Giant Statoil

The chart below shows Total Revenues and Total Net Income (Loss) for the five most recent years of by far Norway's largest company Oil & Gas Giant Statoil.

Not just Statoil, but also the country of Norway, must now be feeling the horrific economics effects of the extended depressed oil & gas market.

By Far Norway's Largest Company Annual Annual Annual Annual Annual
Oil & Gas Giant Statoil 2016 2015 2014 2013 2012

mil US$s mil US$s mil US$s mil US$s mil US$s

Total Revenues and Other Income
      45,873       59,642       99,264     108,318     123,660
Net Income (Loss)        (2,902)        (5,169)         3,887         6,713       12,234