Equinor: sharp fall in Q1 profits

(CercleFinance.com) - Equinor has reported Q1 2024 net income of $2,672m, down 46% y-o-y.


Adjusted net income came in at $2,836m, down 27% y-o-y.

Adjusted EPS came to E0.96, down 22%.

Equinor's total sales reached $25.1bn, down 14% from $29.2bn a year ago.

Equinor management believes that the company has generated solid financial results, thanks to a strong operational performance across the business.

It adds that it is maintaining a value-driven approach to renewable energy growth. During the quarter, we secured significantly better terms for our Empire Wind 1 project in the United States and started production commercialization of the Mendubim solar power plants in Brazil.


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