Equinor's downstream division, which includes energy trading, will report a third-quarter result that exceeds the company's guidance of $400 million, the Norwegian energy group said on Wednesday.
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Equinor's rising production and low breakeven are likely to support stronger cash generation as Brent crude stays elevated amid tight global supplies.
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Equinor delivers robust cash flow and a multi-year high market cap, driven by strong oil prices and disciplined portfolio management. EQNR posted $11.5B operating income and $4.8B net income and maintains a mid-single-digit P/E, reflecting significant financial strength. Production grew 3% YoY to 2.165M barrels/day, with NCS outperforming and shareholder returns exceeding 6% via dividends and buybacks.
Equinor ASA (EQNR) Discusses Safe, Reliable Energy and Strategic Initiatives at Global Supplier Day Transcript
Equinor hopes to make a "pretty big" oil discovery in Namibia's PEL 90 exploration licence, the Norwegian company said on Tuesday.
Equinor's three-year ORLEN deal strengthens crude sales visibility and expands its energy footprint across Poland and Europe.
Norwegian oil firms Equinor and Aker BP have discovered gas in the so-called Linga prospect in the Balder field, the Norwegian offshore directorate said on Monday.