Previous close | 28.00 |
Open | 28.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 28.00 - 28.00 |
52-week range | 24.52 - 34.68 |
Volume | |
Avg. volume | 131,453 |
Market cap | 81.941B |
Beta (5Y monthly) | 0.35 |
PE ratio (TTM) | 7.12 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.26 (4.50%) |
Ex-dividend date | 15 May 2024 |
1y target est | N/A |
OSLO (Reuters) -Equinor posted a sharp fall in first-quarter profit on Thursday, hit by tumbling natural gas prices in Europe, though strong energy trading and rising output limited the decline. The Norwegian oil and gas producer's adjusted earnings before tax for January-March fell almost 37% to $7.53 billion but beat the $7.2 billion forecast in a poll of 22 analysts compiled by Equinor. "Production on the Norwegian continental shelf was high,and the international portfolio contributed with solid production growth," Equinor CEO Anders Opedal said in a statement.
Although lower commodity prices and decreased production are likely to have hurt Equinor's (EQNR) Q1 earnings, higher demand for renewable energy might have nullified the negative partially.