Equinor: profit rises on high oil prices
(CercleFinance.com) - Norwegian oil firm Equinor said on Thursday that profit rose in the second quarter, driven by higher prices for both liquids and gas, and high production.
The former Statoil said that adjusted earnings rose to 4.3 billion dollars in the second quarter, up from 3 billion dollars in the same period in 2017.
Equinor delivered production of 2,028 million barrels of oil equivalent (boe) per day in the second quarter, an increase from 1,996 million in the same period in 2017, primarily due to higher production in the US.
Equinor has decided to maintain a dividend of 0.23 dollars per share for the second quarter.
The Equinor share listed on the Oslo Stock Exchange was down 1.1 percent after these numbers were published.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The former Statoil said that adjusted earnings rose to 4.3 billion dollars in the second quarter, up from 3 billion dollars in the same period in 2017.
Equinor delivered production of 2,028 million barrels of oil equivalent (boe) per day in the second quarter, an increase from 1,996 million in the same period in 2017, primarily due to higher production in the US.
Equinor has decided to maintain a dividend of 0.23 dollars per share for the second quarter.
The Equinor share listed on the Oslo Stock Exchange was down 1.1 percent after these numbers were published.
Copyright (c) 2018 CercleFinance.com. All rights reserved.