Equinor ASA
EQNR
ISIN NO0010096985 / Valor 1245893
Equinor ASA
UMushroom community rating:
About company
Equinor ASA is a Norway-based international energy company engaged in the exploration, production, and marketing of oil and gas, alongside investments in renewable energy and low-carbon solutions. With a strategic aim to achieve net-zero emissions by 2050, the company operates across approximately 30 countries globally. As the leading operator on the Norwegian continental shelf, Equinor plays a significant role in Europe's energy supply. The company, headquartered in Stavanger, Norway, employs around 23,000 individuals and is notable for its substantial state ownership, with the Norwegian government holding a 67% stake.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (17.12.2024):
Operating Income
In the third quarter of 2024, Equinor ASA reported an adjusted operating income of USD 6.89 billion. This figure reflects the company's strong financial performance during the quarter, with significant contributions from its Exploration and Production segments in Norway, internationally, and in the USA.
Net Income
Equinor ASA's net income for the third quarter of 2024 was USD 2.29 billion. The adjusted net income stood at USD 2.19 billion, resulting in adjusted earnings per share of USD 0.79, showcasing the company's profitability during this period.
Production Highlights
Equinor ASA achieved a total equity production of 1,984 mboe per day in the third quarter of 2024. Notably, production on the Norwegian continental shelf increased by 2% compared to the same quarter in 2023, driven by high gas production from the Troll field and contributions from other fields.
Capital Distribution
For the third quarter of 2024, Equinor ASA's board of directors declared an ordinary cash dividend of USD 0.35 per share and an extraordinary cash dividend of USD 0.35 per share. Additionally, the company initiated a fourth tranche of share buy-back of up to USD 1.6 billion, aligning with its capital distribution strategy for the year.
Strategic Developments
Equinor ASA made significant strategic progress in the third quarter of 2024, including the completion of the Northern Lights facility, which is ready to receive CO2. The company also acquired a 9.8% stake in Ørsted, enhancing its exposure to premium offshore wind assets and expanding its renewable energy portfolio.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
62482 M
Market cap (USD)
5,098,582
Daily traded volume (Shares)
257.05 / 253.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Tej Ram Kumpakha
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