Equinor ASA
EQNR: XOSL (NOR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
NOK 898.00 | Hywj | Sthxryqj |
Equinor's Earnings Increase Further in Q3; Strong Outlook Underpins Another Increase in Returns
Equinor's quarterly adjusted earnings increased to $24.3 billion before tax and $6.7 billion aftertax, compared with $9.8 billion and $2.8 billion, respectively the year before due to higher oil and gas prices. Equinor posted operating cash flow, excluding working capital and taxes, of $24.5 billion during the quarter compared with $10.8 billion in 2021. Capital expenditures increased slightly to $2.1 billion.