Statoil is a norwegian multinational oil and gas company headquartered in Stavanger, Norway.
It is a fully integrated petroleum company with operations in 36 countries. By revenue, Statoil is ranked by Forbes Magazine (2013) as the world's eleventh largest oil and gas company and the 26 largest company, regardless of industry, by profit in the world.
Statoil was formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. The company has about 23,000 employees.
As of 2013, the Government of Norway is the largest shareholder in Statoil with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy.