LONDON (Reuters) -Equinor on Wednesday posted a slightly higher-than-expected operating profit for the final quarter of 2023 as output rose, but said it would cut its overall payments to shareholders in 2024 to $14 billion from $17 billion last year. The Norwegian oil and gas producer's adjusted earnings before tax for October-December fell to $8.68 billion from $17.0 billion a year earlier, but beat the $8.46 billion seen in a poll of 26 analysts compiled by Equinor. The group's combined oil and gas output grew by 2.1% in 2023 thanks to a strong finish to the year, and exceeded the company's October guidance of 1.5% growth.
By Dominic Chopping Equinor launched a new share buyback program after reporting forecast-beating fourth-quarter earnings, with higher oil production helping.
By Dominic Chopping Equinor launched a new share buyback program after reporting forecast-beating fourth-quarter earnings, with higher oil production helping counter sharply lower gas prices..
By Dominic Chopping Equinor will return $14 billion to shareholders through dividends and share buybacks this year, $3 billion less than it paid out in 2023 but still ahead of what analysts.
By Dominic Chopping Equinor will return $14 billion to shareholders through dividends and share buybacks this year, $3 billion less than it paid out in 2023.
Equinor to Return $14 Billion to Shareholders This Year — Update morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Equinor Adjusted Earnings Beat Forecasts on Strong Oil Production morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
By Dominic Chopping Equinor reported results for the second quarter on Wednesday. Here's what we watched: NET INCOME: Equinor said adjusted earnings its.
Norway's Equinor beat first quarter profit expectations on Thursday, driven by strong results in energy trading, although earnings were well below last year's record amid a sharp fall in natural gas prices.