Equinor : Q3 results miss expectations by 3% at operating level – cash return confirmed
>Q3 results miss consensus by 3%, in line at the net income level with lower taxes - Q3 2024 adjusted EBIT came in at $ 6.88bn (vs $ 7.48bn in Q2; -8% q-o-q), 3% below our estimates and the consensus. Production declined by 2.9% q-o-q and was slightly above expectations and guidance of flat production in 2024 vs 2023 confirmed. Adjusted net operating income after tax came in at $ 2.04bn (vs $ 2.15bn in Q2), bang in line with our expectations and 1% below the consensus...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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