Equinor Asa · OSL:EQNR

Equinor Asa — Statoil — FY2010 Earnings Presentation

10 slides from Equinor Asa's earnings presentation, Feb 9, 2011

  1. Slide 1: 4th quarter and full year 2010

    4th quarter and full year 2010 Helge Lund, President and CEO London, 9 February 2011

  2. Slide 2: 2010: High profits – strategic progress

    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

  3. Slide 3: Continued safety improvement

    Continued safety improvement Serious incident frequency (Number of incidents per million work hours) 3 2 1 0 2005 2006 2007 2008 2009 2010

  4. Slide 4: Production

    Production • High capacity utilization first half year Equity production mboe/d • Second half constrained by: 2102 1962 1957 1945 – Turnarounds 1888 – Production permits 1552 – Operational issues 760 885 809 533 839 766 1202 1217 1147 1019 1105 1122 Full year 1Q 2010 2Q 2010 3Q 2010 4Q 2010 Full yea

  5. Slide 5: Reported results fourth quarter 2010

    Reported results fourth quarter 2010 42.8 • Strong financial results 33.5 • Solid cash generation NOK billion 4,0 9.7 7.1 1Q09 4Q 09 1Q10 4Q 10 Net operating income Net income

  6. Slide 6: Adjusted earnings by Business Area

    Adjusted earnings by Business Area NOK bn. 4Q 2010 2010 Adjusted earnings Adjusted earnings Business area pre tax after tax pre tax after tax E&P Norway 32.0 8.3 111.9 29.1 International E&P 4.1 0.9 13.9 6.2 Natural Gas 3.5 0.8 13.5 3.6 Manufacturing & Marketing 0.9 0.7 1.7 1.2 Other (incl. SFR) 0.3

  7. Slide 7: Attractive dividend

    Attractive dividend 2010 dividend proposal* Dividend per share (NOK) 6.25 • NOK 6.25 per share • 52% payout ratio** 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Dividend*** Proposed dividend •Dividend proposal, subject to approval by Annual General Meeting May 19, 2011 ** Payout ratio = dividen

  8. Slide 8: Around 3% production growth towards 2012

    Around 3% production growth* towards 2012 ~3% CAGR • Strong resource base • Decline as expected • Important IOR contribution • Solid capacity under way 2010 2011 2012 * CAGR= Compound annual growth rate

  9. Slide 9: Summary

    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

  10. Slide 10: Thank you

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