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Equinor Q1 profit beats forecast

OSLO (Reuters) -Equinor on Thursday posted higher-than-expected profits for the first quarter and said this was driven by high production in its native Norway and strong operational performance. The Norwegian oil and gas producer's adjusted earnings before tax for January-March fell to $7.53 billion from $11.92 billion a year earlier amid lower gas prices, beating the $7.2 billion seen in a poll of 22 analysts compiled by Equinor. The decline in gas prices was only partially offset by production growth and increased oil prices, the company said.

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