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RPT-Statoil Q2 operating profit misses, output exceeds forecasts
July 25, 2013 / 5:16 AM / 4 years ago

RPT-Statoil Q2 operating profit misses, output exceeds forecasts

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OSLO, July 25 (Reuters) - Norwegian oil and gas group Statoil reported second quarter operating results a touch below expectations on Thursday and maintained its guidance, including for both production and exploration activity.

State-controlled Statoil said adjusted operating profit fell 17 percent to 38 billion Norwegian crowns ($6.43 billion), trailing analysts’ expectation for 40.7 billion crowns.

Its total equity production averaged 1.967 million barrels of oil equivalents per day in the quarter, more than expectations for 1.92 million barrels. ($1 = 5.9105 Norwegian crowns) (Reporting by Balazs Koranyi and Victoria Klesty)

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