Statoil ASA (NYSE:STO) Inks Deal to Acquire Maersk FPSO Business – STO, MRO, CVX, RDS.A

Statoil ASA (ADR) (NYSE:STO) reported on Tuesday that it has signed an arrangement to acquire a floating production, storage and offloading business from Maersk for a secret figure.

The business has been used at the Statoil-operated Peregrino field offshore Brazil since output set up in 2011.

Norwegian corporation BW Offshore Ltd will capture the operations on the floating production, storage and offloading business from Maersk and the transition is anticipated to take almost 6 months.

Norwegian oil and gas company Statoil stated that the Peregrino FPSO has a storage capacity of 1.6 million barrels of oil, and produced well above 15 million barrels throughout its first year of operation.

Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Marathon Oil Corporation (NYSE:MRO) increased +1.39% to settle at $24.76, Chevron Corporation (NYSE:CVX) moved up +0.83% to end at $100.74 while Royal Dutch Shell plc (ADR) (NYSE:RDS.A) jumped +1.68% to finish on Tuesday at $64.23.

Statoil ASA (ADR) (NYSE:STO) last session volume of 1.47 million shares was slightly lower than its average volume of 1.66 million shares. The stock after opening at $22.74 hit high price of $22.91 and then closed at $22.90 by scoring +1.87%.

The liquidity measure in recent quarter results of the company was recorded 1.14 as current ratio and on the other side the debt to equity ratio was 0.43 and long-term debt to equity ratio also remained 0.37. The Company had total cash at hand $14.42 billion and a book value per share as $14.87 in the most recent quarter.

The stock price volatility was 2.04% for a week and 1.87% for a month as well as price volatility’s Average True Range for 14 days was 0.50 and its beta remained 1.21.

STO generated revenue of 118.07 billion in the following twelve months and earned $12.89 billion. The Company showed a positive 10.89% in the net profit margin and as well as in its operating margin which remained +30.68%. Company’s annual sales growth for the past five year was 5.15%.

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