Statoil Says Results Confirm Changes Over Past 3 Years

The video discusses the company's financial performance, highlighting a strong cash flow and reduced gearing. It outlines the investment and capital expenditure plans, maintaining a CapEx outlook of $11 billion while reducing exploration spending due to efficiency gains. The Norwegian operations are emphasized, with recent discoveries on the continental shelf and barren sea. The company has made significant discoveries, including the U-Haul and cost spike, and continues to explore new opportunities.

What significant change has the company achieved in its financial strategy over the past three years?

• Increased capital expenditure

• Increased oil price dependency

• Reduced gearing and lower oil price requirement

• Higher dividend payouts

What is the company's capital expenditure outlook for 2017?

• $13 billion

• $11 billion

• $15 billion

• $9 billion

Why has the company reduced its exploration spending for 2017?

• Due to higher dividend payouts

• Due to lack of new projects

• Due to efficiency gains and stricter prioritization

• Due to increased oil prices

Which significant discovery was made in the Barents Sea?

• Osterholm stand

• Gemini North

• Mariner heavy lift

• Cast Spike

What is the focus of the company's current drilling campaign in the Barents Sea?

• Expanding into new markets

• Reducing operational costs

• Exploring new prospects and adding volumes

• Increasing dividend payouts