Report
Allen Good
EUR 100.00 For Business Accounts Only

We are increasing Equinor's fair value estimate as cost improvements take hold.

No-moat Equinor largely met market expectations in the second quarter of 2018. Higher liquids and gas prices in the upstream more than offset higher operating costs owed to new fields starting up and higher maintenance activity in the quarter, lifting adjusted earnings after tax by 31% to $1.7 billion year on year. Although production fell 3% because of natural declines on the Norwegian Continental Shelf, Norwegian upstream operations have been the largest performance boost to the group in the q...
Underlying
Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Allen Good

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