Equinor ASA
EQNR: XOSL (NOR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
NOK 373.00 | Prxyq | Cptnxkqdr |
Equinor Boosts Shareholder Returns on Back of Soaring Earnings; Strong Conditions Likely to Continue
Equinor's quarterly adjusted earnings soared to $17.6 billion before tax and $5.0 billion after tax, compared with $4.6 billion and $1.6 billion, respectively, the year before thanks to higher oil and gas prices. Equinor posted operating cash flow, excluding working capital and taxes, of $18.1 billion during the quarter compared with $6.5 billion in 2021. Capital expenditures fell slightly to $1.7 billion.