Equinor: Q1 earnings leap
(CercleFinance.com) - Equinor has reported Q1 2022 revenues of 36.
4 billion dollars, more than double the level in Q1 2022 (17.6 billion dollars).
Net EBIT was 18.4 billion dollars, again well ahead of the 5.2 billion dollars posted at the same time last year.
Earnings reached 4.7 billion dollars, up 160% from 1.8 billion dollars in Q1 2021.
Adjusted earnings after tax came in at 5.2 billion dollars, vs. 1.3 billion dollars twelve months ago.
For FY 2022, Equinor expects production to increase by 2% from 2021. It expects average annual organic capex of 10 billion dollars for 2022-2023 and 12 billion dollars for 2024-2025.
The share is currently up over 2.5% on this news.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
4 billion dollars, more than double the level in Q1 2022 (17.6 billion dollars).
Net EBIT was 18.4 billion dollars, again well ahead of the 5.2 billion dollars posted at the same time last year.
Earnings reached 4.7 billion dollars, up 160% from 1.8 billion dollars in Q1 2021.
Adjusted earnings after tax came in at 5.2 billion dollars, vs. 1.3 billion dollars twelve months ago.
For FY 2022, Equinor expects production to increase by 2% from 2021. It expects average annual organic capex of 10 billion dollars for 2022-2023 and 12 billion dollars for 2024-2025.
The share is currently up over 2.5% on this news.
Copyright (c) 2022 CercleFinance.com. All rights reserved.