SOURCE: Statoil

April 07, 2011 03:34 ET

Changes in Statoil's reporting segments effective from 1 January 2011

STAVANGER, NORWAY--(Marketwire - April 7, 2011) - Effective from 1 January 2011, Statoil (OSLO: STL) (NYSE: STO) reports its business through the following reporting segments:

--  Development and Production Norway
--  Development and Production International
--  Marketing, Processing and Renewable Energy
--  Fuel & Retail
--  Other

The reporting segments Development and Production Norway and Development and Production International are unchanged compared to the former segment results reported. The former business areas Manufacturing & Marketing, Natural Gas and the New Energy unit of the former Technology and New Energy, are merged into a new business area for Marketing, Processing and Renewable Energy. Fuel & Retail is presented as a separate reporting segment from 4th quarter 2010, following the listing of Statoil Fuel & Retail.

Segment data for the quarters in 2010 and full year are presented attached. Quarterly segment data for Fuel & Retail are not available since this information is not disclosed by Statoil Fuel & Retail.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

Marketing Processing and Renewable energy:

Segments 2010:

Development and Production Norway:

Development and Production International:

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Statoil via Thomson Reuters ONE


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