The company states this in a stock exchange announcement (external link). The amount corresponds to NOK 129.8 billion. – Equinor delivered good earnings and cash flow across the company and is a safe and stable supplier of energy to Europe. We continue with competitive capital distribution while investing in a profitable portfolio within oil and gas, renewable energy and low-carbon solutions, writes CEO Anders Opedal in the stock exchange announcement. The money party thus continues for Equinor, which last year delivered several record results. This is how the quarters ended last year: The Norwegian oil company ended last year with a record-high total profit of NOK 234 billion after tax. CEO of Equinor, Anders Opedal. Photo: Lise Marit Kalstad / news By comparison, the 2021 result came in at 10 billion dollars after tax. Lower than last year Several analysts who follow the oil giant have predicted in advance that Equinor would deliver an adjusted result before tax of 11.2 billion dollars, writes E24. Which is also a historically high result. Oil expert Arne Ingar Svendby Evensen also said ahead of the results that a fall from the previous quarter is expected. – Gas prices have fallen a lot. It will probably be a good result, but it will decrease from the previous quarter, said Svendby Evensen. He is a former chief geophysicist and has worked at both Hydro and Statoil. Oil price fall The European currency became more than ten cents more expensive during Tuesday following a 5 per cent drop in oil prices. We have to reach out with 11.9 Norwegian kroner to buy one euro. The krone has also weakened against the dollar, and on Wednesday morning you have to leave with NOK 10.8 for one dollar. And one hundred Swedish kroner now costs NOK 104.9, writes Dagens Næringsliv. The krone has weakened by more than 20 percent against the euro and 16 percent against the dollar in the past year. On Tuesday, the oil price fell from 79 to 76 US dollars. On Wednesday morning, North Sea oil traded for around 75 dollars a barrel on the spot market, writes Dagens Næringsliv. According to Norges Bank, the fall in the krone may mean that interest rates have to be raised more than expected in order to reach the inflation target of 2 per cent. If there is a prospect of higher price growth than this, the interest rate will be raised. Another factor that speaks for higher interest rates is that wage growth this year will be higher than Norges Bank has assumed, writes NTB. Troll A Photo: Øyvind Gravås & Even Kleppa / Equinor
ttn-69
The money party continues – news Rogaland – Local news, TV and radio
