Statoil ASA (STO): 1Q Earnings 
Due: Apr 29, at 0500 GMT 
FactSet Survey of 9 Analysts 
Average Revenue: NOK162.79B, up 0.4% (NOK 162.2B in 1Q 2013) 
Average Adjusted Ebit: NOK42.14B, down 0.6% (NOK 42.4B in 1Q 2013) 
Average Net Profit: NOK12.12B, up 89.4% (NOK 6.4B in 1Q 2013) 

Note: Net profit is expected to nearly double on the year, despite lower prices and output, partly due to a negative year-ago one-off. Statoil's shares rose significantly on promises of cost cuts and stricter capital discipline to counter rising oil-sector costs. The company in February postponed its 2020 production target of 2.5 million barrels a day, and promised more share buybacks and higher dividends to shareholders, and analysts are waiting for it to deliver.

(kjetilmalkenes.hovland@wsj.com)

 
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