Statoil Asa traded at $41.13 this Thursday March 26th, increasing $12.01 or 41.24 percent since the previous trading session. Looking back, over the last four weeks, Statoil Asa gained 41.68 percent. Over the last 12 months, its price rose by 57.35 percent. Looking ahead, we forecast Statoil Asa to be priced at 39.58 by the end of this quarter and at 37.05 in one year, according to Trading Economics global macro models projections and analysts expectations.
Equinor ASA, formerly Statoil ASA, is a Norway-based energy company engaged in oil and gas exploration and production activities. The Company's segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company's upstream activities on the Norwegian continental shelf (NCS) and explores for and extracts crude oil, natural gas and natural gas liquids. DPI segment manages the Company's upstream activities that are not included in the DPN and Development and Production USA (DPUSA) business areas. MMP segment manages its marketing and trading activities related to oil products and natural gas, transportation, processing and manufacturing, and the development of oil and gas. Other segment includes activities in New Energy Solutions (NES), Technology, Projects and Drilling (TPD), Global Strategy and Business Development (GSB), and Corporate staffs and support functions.