As 2011 comes to a close, it's a great time to look back at what happened to the stocks that interest you. By making sure you know the important things that a company accomplished -- as well as the setbacks it experienced -- you can make a better decision about whether it's a smart investment for your portfolio.
Today, let's take a look at Statoil
Stats on Statoil
|2011 Year-to-Date Return||12.5%|
|Market Cap||$81.6 billion|
|1-Year Revenue Growth||21.4%|
|1-Year Earnings Growth||75.9%|
Source: S&P Capital IQ.
How did Statoil advance this year?
Statoil isn't the best known Big Oil company, but it's an important player in the world oil market. The Norwegian company is strategically placed near the North Sea's energy reserves, in which the company recently announced a huge new find.
Acquisitions have increasingly played a big role in gaining exposure to promising new exploration and development areas. Statoil acquired Brigham Exploration earlier this year to get into the lucrative Bakken shale play, while Marathon Oil
But Statoil has also found opportunities on its own. Statoil got some good news earlier this month, as it won a contract for exploration rights to ultra-deepwater fields off the coast of Angola. Among the other winners were Cobalt International Energy
Statoil has positioned itself well to benefit from currently high oil prices. As long as the oil market stays favorable, Statoil should be able to buck any negative trends from Europe.
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Chesapeake Energy, Statoil, and Total. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.