Equinor’s Earnings Drop on Lower Oil Prices ...Middle East

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Equinor’s Earnings Drop on Lower Oil Prices
source : OILPRICE ( Middle East ) () 43
Equinor (NYSE: EQNR) booked lower core earnings for the second quarter compared to a year earlier amid lower oil prices, kicking off the earnings season of the international majors, all of which have warned of declining profits. Equinor reported on Wednesday an adjusted operating income, its closest metric of core earnings, of $6.53 billion for the second quarter, down by 13% compared to the same period of 2024. Still, the figure is perfectly in line with expectations in an Equinor-provided consensus estimate of 21 analysts. “The results…

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