Equinor ASA

EQNR

Equity

ISIN US29446M1027 / Valor 41672647

New York Stock Exchange, Inc (2024-12-24)

USD 22.79+0.31%

Equinor ASA
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About company

Equinor ASA is an international energy company with a diverse portfolio that includes oil and gas, renewables, and low-carbon solutions. As one of the largest suppliers of energy to Europe, Equinor plays a crucial role in providing stability and security to the region's energy needs. With a strong focus on safety and proactive measures to prevent major accidents, Equinor is committed to long-term value creation while also contributing to society's progress. Established in 1972 as Statoil and later rebranded as Equinor in 2018, the company is listed on the Oslo and New York stock exchanges with the majority stake owned by the Norwegian State. Equinor is known for its offshore operations and is a pioneer in renewable energy solutions, positioning itself as a leader in the transition towards a low-carbon future.

Summarized from source with an LLMView SourceSector: Energy

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, driven by its operations across various segments.

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 percent compared to the same quarter in 2023, driven by high gas production from the Troll field.

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, a fourth tranche of share buy-back of up to USD 1.6 billion was announced, aligning with the company's 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 percent stake in Ørsted, enhancing its exposure to premium offshore wind assets and expanding its renewable energy portfolio.

Summarized from source with an LLMView Source

Key figures

-28.2%1Y

-16.9%3Y

15.2%5Y

Performance

27.4%1Y

33.3%3Y

39.7%5Y

Volatility