Equinor : Q3 results in line, the sound balance finances cash returns and M&A
>Q3 2024 results broadly in line - Q3 2024 adjusted EBIT totalled $ 6.9bn, 3% below expectations and adjusted net profit stood at $ 2.04bn,1% above expectations and exactly in line with our expectations with an effective tax rate of 70.42%, marked by an increase in gas prices in Europe. The 5.2% contraction q-o-q is weak compared with what is expected for competition due to the fact that the group is not active in the downstream segment heavily impacted by refining ...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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