The impact on StatoilHydro's operating and net income owing to fluctuations in currency or oil and gas prices is presented in the table below
StatoilHydro’s revenues and cash flows are mainly denominated in or driven by U.S. dollars, while parts of our operating expenses, dividends and income taxes payable accrue to a large extent in NOK.
Since the most significant part of our net cash flow is USD denominated, StatoilHydro’s borrowings are kept in USD. StatoilHydro is therefore predominantly a USD company.
The sensitivity analysis is based on actual oil prices, actual NOK/USD exchange rate and estimated gas price, and shows the impact on StatoilHydro's results in 2008.
| Oil price + USD 10/bbl |
22,700 |
7,000 |
| Gas price + NOK 0.5/scm |
21,000 |
6,500 |
| A) Exchange rate + NOK 0.5/USD (P&L effect excl finance) |
19,300 |
6,000 |
| B) Exchange rate + NOK 0.5/USD (P&L effect from long term debt)* |
- 3,900 |
- 2,100 |
| A + B) Exchange rate + NOK 0.5/USD (total P&L effect) |
15,400 |
3,900 |
* The analysis does not include the estimated effect of currency on liquidity management.
Published 2008-01-29, 16:40 CET | Updated 2008-08-01, 14:17 CET
