NEW YORK, Feb. 9, 2011 /PRNewswire/ -- Get content from Statoil at:
Statoil's fourth quarter 2010 net operating income was NOK 42.8 billion, compared to NOK 33.5 billion in the fourth quarter of 2009. In 2010, net operating income was NOK 137.2 billion compared to NOK 121.6 billion in 2009. Adjusted earnings after tax were NOK 10.8 billion in the fourth quarter of 2010. Adjusted earnings after tax exclude the effect of tax on net financial items, and represent an effective adjusted tax rate of 74% in the fourth quarter of 2010. In 2010, adjusted earnings after tax were NOK 42.0 billion and the effective adjusted tax rate was 71%. Statoil's CEO Helge Lund also confirms that the strategy as a technology driven upstream company remains firm. Available video includes headquarters and facilities shots.
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