StatoilHydro reported a 67% fall in net profit due to weaker oil prices and the krone's depreciation against the dollar, and forecast a sharply lower exploration expenditure for 2009 amid uncertain market conditions.
WSJ.com: US Business, Wall Street Journal: Business
Tue, 02/17/2009 - 3:36am
StatoilHydro reported a 67% fall in net profit due to weaker oil prices and the krone's depreciation against the dollar, and forecast a sharply lower exploration expenditure for 2009 amid uncertain market conditions.