Equinor : Earnings ahead of expectations thanks to trading – the question of cash returns is still pending for 2024
>Earnings a shade above expectations - Adjusted EBIT for Q3 2023 was $ 8.4bn (vs $ 7.5bn in Q2; +6.4% q-o-q), 6% above consensus. Adjusted net profit was $ 2.7bn, 3% up 21.6% q-o-q and 22% ahead of expectations, with an effective tax rate of 66% versus 70% in Q2.E&P in line, the surprise came from trading - Earnings for E&P totalled $ 7.2bn (vs $ 7bn in Q2), in line with estimates (ODDO BHF: $ 7.2bn; consensus: $ 7bn). The group recorded a 1% q-o-q ...Equinor is engaged in oil and gas exploration and production activities. Co. is primarily focused on exploration, development and production of oil and gas on the Norwegian continental shelf (NCS). Co.'s operations are organized into four segments. The Development and Production Norway and Development and Production International segments explore, develop, produce and extract crude oil, natural gas and natural gas liquids. The Marketing, Processing and Renewable Energy segment markets, trades, transports and processes oil and natural gas and renewable energy. The Other segment consists of global well and project delivery, research and develpoment, and business development.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.