In the first quarter of 2018, the Norwegian oil and gas producing company Statoil reported net profit growth of 21% year-on-year to $1 billion 285 million, driven by an increase in oil prices and production. Analysts had predicted the figure at 1 billion 480 million dollars. Quarterly revenues amounted to 19 billion 780 million dollars, increased by 28% in annual terms. Experts had expected revenue of $18 billion 370 million dollars. Adjusted EBIT increased by 33% to 4 billion 410 million dollars. Statoil increased its production of hydrocarbons to 2 million 180 thousand barrels of oil equivalent per day, mainly due to production in the United States.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...