Equinor : Publication in line with an increase in cash returns to shareholders
>Record EBIT at 4% above estimates but net income 6% below the consensus - Adjusted EBIT for Q2 2022 came to $ 17.6bn (vs $ 17.9bn in Q1, -2.2% q-o-q), i.e. 4% above the consensus through benefitting from the hike in oil and natural gas prices, while adjusted net profit came to $ 5bn (vs $ 5.17bn in Q1), i.e. -6% below our estimates and the consensus. These results reflect a stable effective tax rate of 71.6% q-o-q. Production fell 5.9% to 1,842 kboe/d due to abando...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.
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