StatoilHydro 53rd largest company in the world

Helge Lund, President and CEO of StatoilHydro. Photo: Dag Myrestrand / StatoilHydro

StatoilHydro climbs the list of the 2000 largest companies in the world, and is now number 53. General Electric, Shell and Toyota are the three largest.

The list compiled by Forbes combines turnover, net profit, assets and market value.

In total, nine Norwegian companies are on the list. Besides StatoilHydro, the companies on the Forbes list are Telenor, DnB NOR, Yara, Orkla, Hydro, Storebrand, REC and Aker Solutions.

22 Swedish, 23 Finnish and 12 Danish companies are also on the list. According to the list, ExxonMobil and British Petroleum are the world’s fourth and fifth largest companies.

Facts about StatoilHydro

  • Established on 1 October 2007 following the merger between Statoil and Hydro’s oil and gas activities
  • About 29,500 employees in 40 countries
  • The world’s largest operator in waters more than 100 metres deep
  • Operator for 39 producing oil and gas fields
  • Market capitalisation worth more than NOK 500 billion (NOK 528 billion at a share price of NOK 170)
  • Production averages more than 1.7 million barrels of oil equivalent per day
  • Proven reserves: More than six billion barrels of oil equivalent
  • World leader in the use of deepwater technology
  • World leader for carbon capture and storage
  • One of the world’s largest crude oil and gas suppliers
  • Biggest seller of oil products in Scandinavia
  • Listed on the Oslo Stock Exchange (ticker: STL) and New York Stock Exchange (ticker: STO)


Source: Norway Post / StatoilHydro

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