Statoil reports adjusted earnings of USD 4.0 billion and USD 1.3 billion after tax in the fourth quarter of 2017. IFRS net operating income was USD 5.2 billion and the IFRS net income was USD 2.6 billion.
The fourth quarter was characterised by:
- Strong earnings and underlying cash flow. Net debt ratio at 29.0% [5]
- Solid operational performance with record production in fourth quarter and 2017. The 2017 underlying production growth was above 6% [7]. The reserve replacement ratio (RRR) was 150%
- Strong progress on project deliveries and efficiency improvements. 2017 organic capex was USD 9.4 billion [5]
- Increase in dividend by 4.5% to USD 0.23 per share, subject to annual general meeting approval
Brazil Energy Insight 
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