SLIDE 1
2010: High profits – strategic progress
- Strategic progress and active
portfolio management
- Strong and improving HSE results
- Challenging operations second half
- Strong cash flow and financials
- Proposed increase in dividend
th quarter and full year 2010 4 th quarter and full year 2010 4 - - PowerPoint PPT Presentation
th quarter and full year 2010 4 th quarter and full year 2010 4 - - PowerPoint PPT Presentation
th quarter and full year 2010 4 th quarter and full year 2010 4 Helge Lund, President and CEO London, 9 February 2011 2010: High profits strategic progress Strategic progress and active portfolio management Strong and improving HSE
SLIDE 2
SLIDE 3
1 2 3
2005 2006 2007 2008 2009 2010
Continued safety improvement
Serious incident frequency
(Number of incidents per million work hours)
SLIDE 4
1122 1105 1019 1147 1217 1202 766 839 533 809 885 760 1888 1945 1552 1962 2102 1957 Full year 2009 1Q 2010 2Q 2010 3Q 2010 4Q 2010 Full year 2010 Oil Gas
Equity production
mboe/d
Production
- High capacity utilization first half year
- Second half constrained by:
– Turnarounds – Production permits – Operational issues
SLIDE 5
42.8 33.5 9.7 7.1
1Q09 1Q10 NOK billion 4Q 09 4Q 10
4,0
Net operating income Net income
Reported results fourth quarter 2010
- Strong financial results
- Solid cash generation
SLIDE 6
42.0 142.8 10.8 40.8
Total adjusted earnings
Adjusted earnings Adjusted earnings +10% +9% +11% +19% Year-on-year change 1.9 1.8 0.0 0.3
Other (incl. SFR)
1.2 1.7 0.7 0.9
Manufacturing & Marketing
3.6 13.5 0.8 3.5
Natural Gas
6.2 13.9 0.9 4.1
International E&P
29.1 111.9 8.3 32.0
E&P Norway
after tax pre tax after tax pre tax
Business area
2010 4Q 2010
NOK bn.
Adjusted earnings by Business Area
SLIDE 7
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Dividend*** Proposed dividend
6.25
- Dividend proposal, subject to approval by Annual General Meeting May 19, 2011
** Payout ratio = dividend per share/EPS ** Statoil paid an additional special dividend for the years 2004-2008.
Dividend per share (NOK)
Attractive dividend
2010 dividend proposal*
- NOK 6.25 per share
- 52% payout ratio**
SLIDE 8
Around 3% production growth* towards 2012
- Strong resource base
- Decline as expected
- Important IOR contribution
- Solid capacity under way
* CAGR= Compound annual growth rate
~3% CAGR
2010 2011 2012
SLIDE 9
Summary
- Strategic progress and active
portfolio management
- Strong and improving HSE results
- Challenging operations second half
- Strong cash flow and financials
- Proposed increase in dividend
SLIDE 10