Report
Ahmed Ben Salem

Equinor : Résultats T3 supérieurs aux attentes mais un risque sur le T4

>RN ajusté 5% supérieur aux attentes, dopé par les dérivés sur gaz - L'EBIT ajusté du T3 2021 s'est établi à 9.77 Md$ (+110% QoQ), soit respectivement 19% et 17% supérieurs à nos estimations et au consensus. Le résultat net ajusté ressort à 2,77 Md$ (+76% QoQ), soit 3-5% supérieur à nos estimations et au consensus, le meilleur depuis le T1 2012 malgré un taux d'imposition en hausse à 72% vs 66% au T2 dopé par la division MMP qui profite des dérivés sur le gaz nature...
Underlying
Equinor ASA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ben Salem

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