Statoil Grows On Oil Prices

Statoil Grows On Oil Prices:Statoil ASA (NYSE: STO) second quarter 2011 earnings of 74 cents per ADR crawled out the Zacks consensus estimate of 73 cents. However, quarterly results showed a significant improvement in the previous year's earnings of 54 cents per ADR, due to higher prices liquids.
EW YORK - Shares of Marathon Oil Corp. could be under pressure on Wednesday with crude oil prices on the wane and a downgrade from Credit Suisse after disappointing results.