Equinor : Q2 2024 results ahead of expectations boosted by a temporary increase in production. Guidance confirmed
>Q2 2024 results 8% above expectations - Q2 2024 adjusted EBIT came in at $ 7.5bn, 8% ahead of the consensus, and adjusted net profit at $ 2.15bn, also 8% ahead of expectations, with an effective tax rate of 71.2% boosted by an increase in production this quarter, which is likely to fall again in Q3.Earnings boosted by a temporary increase in production - E&P earnings came in at $ 7.1bn (vs $ 6.7bn in Q1), 6% ahead of our expectations and the consen...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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