Equinor with quarterly profit of 83 billion – NRK Rogaland – Local news, TV and radio

April 25
2024
at
06:46

Equinor with quarterly profit of 83 billion

Equinor’s result for the first quarter of 2024 was 7.53 billion US dollars, or 83 billion Norwegian kroner. The company announced this in a stock exchange announcement on Thursday morning.

– Good operations in all parts of the business contributed to solid financial results. We continue with significant capital distribution and expect to deliver a total distribution of USD 14 billion in 2024, says CEO of Equnior, Anders Opedal.

In the 4th quarter of 2023, the company delivered a quarterly result of 8.68 billion dollars. There is thus a decrease since the previous quarter.

Before the quarterly results were presented, NRK spoke to chief economist at Sperebank1 SR-Bank, Kyrre Knudsen, he points to two factors as the most important for Equinor’s result. The oil and gas price.

– The oil price has held up well throughout this period, so it boosts the result. At the same time, the gas price has probably been so low during the period, this is reducing it, he says.

According to Knudsen, the reason for the high oil price is unrest in the Middle East, but also that growth has picked up in the world. Which increases the demand for oil.