Company Profile For Statoil ASA

StatoilHydro ASA (StatoilHydro) is a integrated oil and gas company based in Norway with locations in approximately 40 other countries worldwide. As of December 31, 2008, the Company had proved reserves (including its share of reserves in affiliated companies of 127 million barrels (mmbbl) of oil) of 2201 mmbbl of oil and 537.8 billion cubic meters (bcm) (equivalent to 19 trillion cubic feet (tcf)) of natural gas, corresponding to aggregate proved reserves of 5584 million barrels of oil equivalent (mmboe). The Company operates in four business segments: Exploration and Production Norway (EPN), International Exploration and Production (INT), Natural Gas (NG) and Manufacturing and Marketing (M&M). In June 2008, Dala Kraft AB announced that it has acquired StatoilHydro ASA’s subsidiary Hydro Energi AB. In December 2008, Anadarko Petroleum Corporation completed the sale of its 50% interest in the Peregrino heavy-oil field offshore Brazil to StatoilHydro.

BRIEF: For the nine months ended 30 September 2009, StatoilHydro ASA's total revenue decreased 33% to NOK341.06B. Net profit for the period decreased 73% to NOK11.15B. Total revenue reflects significantly decreased sales from the Manufacturing & Marketing business segment. Net profit for the period suffered from higher depreciation-, amortization- and net impairment charges and increased exploration expenses.