tch Shell PLC Shs A RDSA RDS/A US Christopher Kuplent Royal Dutch Shell PLC Shs A RYDAF RDSA LN Christopher Kuplent Statoil STOHF STL NO Hamish Clegg Statoil STO STO US Hamish Clegg NEUTRAL BP plc BP BP US Christopher Kuplent BP ple BPAQF BP/ LN Christopher Kuplent Repsol REPYY REPYY US Hamish Clegg Repsol

onday not to send their latest dismissal phase victory up to the Second Circuit. 1 document attached I Read full article » ENERGY & ENVIRONMENTAL Statoil, Texaco Units Want Brakes Kept On $16 Award Action A Statoil unit and a Texaco subsidiary have asked a New York federal court to keep on ice their

uel and convenience stores. which grow organically year after year. ATD operates under brands Circle Kin US (No.2), Couche-Tard in Canada (No.1) and Statoil in Scandinavian Europe (No.1). Investment Thesis A. Resilient retail cash cow • The convenience store ("c-store") business is misunderstood by t

NIl inline, dividend raised (trading +2.2%) • ING quarterly earnings beat estimates as economy improves, strong balance sheet (trading +10.2%) • Statoil O4 operating results better than ests, dps maintained, fcf breakeven lowered (trading +7.5%) • Astrazeneca profit meets estimates as Brilinta sales

A (trading +1.0%) Kabel Deutschland Q1 inline, EBITDA slight better, flat dividend, outlook maintained (trading unch) RWE Q2 EBITDA better due to Statoil compensation payment, outlook confirmed (trading -0.90%) K&S Q2 inline (pre announced July 30th), adopt earning based dividend policy, guides in l

ting (trading -0.80%) • Anglo American O1 production broadly in line in traditionally light season, nickel weak, iron ore okay (trading +1.4%) • Statoil makes significant find in Gullfaks, preliminary calcs show 40mn to 150mn recoverable BOE (trading +1.9%) Leading European Sectors: Luxury +1.72%, Ba

cash flow & margins, confirms guidance (trading +3.4%) • Deutsche Post Q3 EBIT misses, freight & mail weak, maintains guidance (trading -0.70%) • Statoil: speculation interested in Whiting Petroleum purchase, $65 per share (trading -0.30%) • Bosch sells 5.0% Denso stake for €1.1 billion (to use funds

of production growth in 2020). The chief risk to North Sea production on a go-forward basis will focus on managing declines. We note, however, that Statoil (covered by our European counterparts), alone, accounts for -20% of the oil production growth from the North Sea over the next 3 years and any anno

r From: Jeffrey Epstein Sent Tue 10/30/2012 9:29:14 AM Subject: Re: Ok On Tuesday, October 30, 2012, Terje Rod-Larsen wrote: He is invited by Statoil to go to Stavanger on Friday 23 Nov, and wants to spend week end in Oslo. Afraid he will not be able to move date, but will try. From: Jeffrey Epst

ities Group Swiss Television SF The Wharton School, University of Pennsylvania Alcoa Inc. PZU SA Embassy of Denmark Silddeutsche Zeitung GmbH Statoil (UK) Limited The NASDAQ OMX Group Frankfurter Allgemeine Zeitung DLA Piper UK LLP Freshfields Bruckhaus Deringer Engage Turkey India Canada

ease No. 64978 (SEC July 27,2011) (UK company), available at http://www.sec.gov/ litigation/admin/201 1/34-64978.pdf; Admin. Proceeding Order, In re Statoil, ASA, Exchange Act Release No. 54599 (SEC May 29, 2009) (Norwegian company), available at http: //www.sec.gov/ litigation/ admin/2006/ 34-54599. pdf;