Equinor ASA 2016 AR2
The report highlights Statoil's performance in 2016, a challenging year for the oil and gas industry characterized by low commodity prices. Despite a negative net income of USD 2.9 billion, the company delivered strong operational performance and exceeded its cost improvement targets, achieving USD 3.2 billion in annualized efficiency gains. Statoil sharpened its corporate strategy to focus on high-value, low-carbon energy, including progress in offshore wind projects like Dudgeon and Arkona. However, safety performance declined with a serious incident frequency of 0.8 and two tragic accidents resulting in 14 fatalities, prompting the implementation of a safety improvement program.
Company: Equinor ASA
Sector: Mining & quarrying
Country: Norway
Year: 2016
Type: AR2
Pages: 280
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Equinor ASA
Annual Report And Form 20-F
The report highlights Statoil's performance in 2016, a challenging year for the oil and gas industry characterized by low commodity prices. Despite a negative net income of USD 2.9 billion, the company delivered strong operational performance and exceeded its cost improvement targets, achieving USD 3.2 billion in annualized efficiency gains. Statoil sharpened its corporate strategy to focus on high-value, low-carbon energy, including progress in offshore wind projects like Dudgeon and Arkona. However, safety performance declined with a serious incident frequency of 0.8 and two tragic accidents resulting in 14 fatalities, prompting the implementation of a safety improvement program.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees