Statoil Continues to Churn Out Impressive Earnings in 2017

It wasn't that long ago that Statoil's (NYSE: STO) stock didn't look like it had much going for it. Management was projecting for slow growth as it tried to replace high-cost production sources with ones that could make money in today's oil and gas environment. Fast-forward to the company's most recent earnings result, and the company looks wildly different. Not only is management projecting higher growth rates, but it has also found a way to generate much higher profits from that production.

Here's a look at the company's most recent results, how it managed this turnaround, and what could be on the horizon.

Image source: Statoil.

Source: Fool.com