Equinor : Q4 2023 results undershoot expectations – concerns on gas and cash returns
>Q4 2023 results 19% below expectations - Adjusted EBIT for Q4 2023 totalled $ 8.6bn, 6% above the consensus but adjusted net profit came in at $ 1.8bn, down 31% q-o-q, with an effective tax rate of 73% versus 69% in Q3.Increase in capex but not cash flows - On the sidelines of the results, the group held a CMD where it clarified its vision on the medium-long term. Thus, the group confirms its capex plan for 2024 at ~$ 13bn but raises its capex plan ...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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