Statoil CEO: Results Impacted by Low Commodity Prices

The video discusses the financial performance of a company, focusing on the fourth quarter results, including a significant write-down of US shale assets. The CEO reflects on their two-year tenure, highlighting efforts to manage costs and capital expenditure. The discussion emphasizes the impact of fluctuating oil prices on the company's balance sheet and future projections. The CEO also outlines the company's commitment to maintaining dividend payouts while managing cash flow and investments.

What was the main reason for the $2.3 billion write-down in the fourth quarter?

• Adjustment in long-term price assumptions

• Rise in commodity prices

• Increase in oil production

• Expansion of international portfolio

How has the company managed to reduce its capital expenditure?

• By acquiring new assets

• By increasing oil prices

• By focusing on high-quality projects

• By expanding its workforce

What is the break-even price for the company's current portfolio?

• $50 per barrel

• $100 per barrel

• $75 per barrel

• $27 per barrel

What is crucial for supporting the company's dividend policy?

• Increasing oil prices

• Borrowing funds

• Generating cash flow

• Reducing workforce

What is the company's strategy regarding dividend levels for the upcoming quarters?

• Reduce dividends by half

• Increase dividends significantly

• Maintain the same dividend level

• Eliminate dividends