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

April 7, 2011, 10:35 CEST
  • 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.

Contacts:

Investor relations
Hilde Merete Nafstad, senior vice president, Investor relations,
Tel: +47 957 83 911 (mobil)

Morten Sven Johannessen, vice president, Investor relations USA,
Tel: + 1 203 570 2524 (mobil)

Press
Jannik Lindbæk jr., vice president for media relations,
Tel: +47 97 75 56 22

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

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