We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Equinor ASA | NYSE:EQNR | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.45 | 1.67% | 27.44 | 27.64 | 27.17 | 27.54 | 4,579,700 | 00:51:12 |
By Kjetil Malkenes Hovland
OSLO--Norway's Statoil ASA (STO) on Tuesday posted a 16% drop in second-quarter net profit on the year, beating expectations as a sales gain offset impairments and lower prices, and slashed this year's capital expenditure by 3% to $17.5 billion.
Net profit was 10.0 billion Norwegian kroner ($1.22 billion), compared with NOK11.9 billion a year earlier. Analysts had expected a net profit of NOK5.4 billion. Revenue fell 13% to NOK124.4 billion, beating expectations of NOK121.6 billion.
The company said it recorded a gain of NOK12.3 billion on the sale of a stake in the Shah Deniz project in Azerbaijan. It recorded net impairment losses of NOK3.1 billion, as impairments in Norway and the Gulf of Mexico were partly offset by a reversed impairment on an unconventional asset in North America amid improved operations.
Adjusted earnings before interest and taxes, a measure of the company's underlying performance, fell to NOK22.4 billion, from NOK32.3 billion a year earlier. The figure was weaker than during the oil-price plunge in 2008 and 2009, but beat expectations of NOK19.6 billion.
-Write to Kjetil Malkenes Hovland at kjetilmalkenes.hovland@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Equinor ASA Chart |
1 Month Equinor ASA Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions