Equinor — Interim / Quarterly Report 2014

Oct 31, 2014

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

October 31, 2014

Commission File Number 1-15200

Statoil ASA

(Translation of registrant’s name into English) FORUSBEEN 50, N-4035, STAVANGER, NORWAY (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_____

This Report on Form 6-K shall be deemed to be filed and incorporated by reference in the Registration Statements on Form F-3 (File No. 333-188327) and Form S-8 (File No. 333-168426) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

This Report on Form 6-K contains (1) the ratio of earnings to fixed charges and the statement of calculation for the nine months ended September 30, 2014 and for each of the five fiscal years ended December 31, 2013; and (2) a statement of capitalization and indebtedness as at September 30, 2014.

Calculation of ratio of earnings to fixed charges

	(in NOK millions, except ratio)	For the nine months ended 30 September 2014	For the year ended 31 December 2013	For the year ended 31 December 2012	For the year ended 31 December 2011	For the year ended 31 December 2010	For the year ended 31 December 2009
Fixed Charges
	Interest expense*	2,280	12,047	2,443	(385)	1,722	12,457
+	Interest within rental expense	4,287	8,064	7,392	5,754	5,208	4,578
+	Capitalized interest	919	1,077	1,197	869	995	1,351
Total fixed charges (A)		7,486	21,188	11,032	6,238	7,925	18,386
Earnings
	Income before tax and minority interest	101,387	138,414	206,726	213,841	136,826	114,910
-	Equity in net inc non-consol investees	(246)	(136)	(1,671)	(1,264)	(1,168)	(1,458 )
+	Distributed income of equity investees	8	(7)	(8)	(15)	(42)	22
=	Income before taxes, minority interests and equity investees	101,149	138,271	205,047	212,562	135,616	113,474
+	Fixed charges (A)	7,486	21,188	11,032	6,238	7,925	18,386
+	Ordinary depr capital interest	843	1,233	1,356	1,310	1,637	1,880
-	Capitalized interest	(919)	(1,077)	(1,197)	(869)	(995)	(1,351 )
Total earnings		110,396	159,615	216,238	219,241	144,183	132,389
Ratio		14.7	7.5	19.6	35.2	18.2	7.2

*Interest expense includes change in fair value of derivatives

Capitalization and indebtedness

	As at September 30, 2014 — NOK	USD(1)
	(in billions)
Current finance debt	27.6	4.3
Non-current finance debt
Finance debt	160.9	24.9
Unsecured	160.5	24.9
Secured	0.4	0.1
Non-controlling interests:	0.4	0.1
Shareholders’ equity:
Share capital	8.0	1.2
Additional paid-in capital	40.2	6.2
Retained earnings	284.0	44.0
Currency translation adjustments	33.3	5.2
Total equity	365.9	56.7
Total finance debt and shareholders' equity	554.4	85.9
(1) Solely for the convenience of the reader, translations from Norwegian kroner into U.S. dollars are made at the rate of NOK 6.4524 to USD 1.00, the Central Bank of Norway buying rate on September 30, 2014.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 30, 2013 By: /s/ Torgrim Reitan Name: Torgrim Reitan Title: Chief Financial Officer