Statoil's Earnings Slip on Writedowns, Tax Bills

Three months after a second-quarter result that showed Norwegian oil and gas giant Statoil (NYSE: STO) was starting to turn the corner, the company reported a bump on that road that put it back into the loss column for the third quarter. The underlying reasons for that aren't dire, though, and there were some positives to be gleaned from its recent earnings release.

Source: Statoil/Lee Hyungjin

Source: Statoil earnings release. EPS = earnings per share.

Source: Fool.com

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