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Number 49 in Europe

July 9, 2003, 12:10 CEST

The US business magazine Fortune has ranked Statoil as the 49th largest company in Europe, measured by turnover.

Fortune publishes an annual list of the 500 largest companies in the world, and the 50 largest in Europe.

No other Nordic companies than Statoil figure among the top 50 on this year's European list. Last year there were no Nordic companies at all on that list.

Statoil is ranked as number 122 among the 500 largest companies in the world.

In 2002, the group had a turnover of NOK 244 billion.