Equinor’s Earnings Double on Higher Prices; Reduced Capex Guidance Supports Free Cash Flow Outlook
Equinor reported a sharp increase in third-quarter earnings from the prior year with adjusted net earnings more than doubling to $2.0 billion from $819 million, thanks to higher oil and gas prices and production growth that offset slightly higher expenses and weaker refining and trading results. Equity production increased 1% from a year ago, thanks to the startup of new fields and new wells, in line with full-year guidance of 1%-2%. Management’s production growth guidance for 2017-20 is intact ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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