Statoil ASA, Norway’s biggest oil and gas producer, posted second-quarter profit that beat estimates as higher production, lower costs and refining margins helped it to weather a plunge in crude prices.
Net income excluding financial and other items fell to 7.2 billion kroner ($878 million) from 9.9 billion kroner a year earlier, the Stavanger-based company said Tuesday. That beat the average 5.5 billion-krone estimate in a Bloomberg survey of 20 analysts.
Brazil Energy Insight 
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