Lower Oil Prices Drag Equinor’s Q3 Earnings Below Estimates ...Middle East

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Lower Oil Prices Drag Equinor’s Q3 Earnings Below Estimates
source : OILPRICE ( Middle East ) () 55
Lower oil prices and production volumes failed to offset rising natural gas prices and output at Equinor (NYSE: EQNR), which reported on Thursday lower-than-expected adjusted operating income, its key earnings metric, for the third quarter. The Norwegian energy giant booked an adjusted operating income of $6.89 billion for Q3, down by 13% compared to the same period of 2023, and lower than the company-compiled analyst consensus expecting $7.01 billion. Revenues fell by 2%, amid lower liquids prices which couldn’t be offset by rising natural…

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