Equinor Profits Triple as Oil and Gas Prices Surge ...Middle East

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Equinor Profits Triple as Oil and Gas Prices Surge
source : OILPRICE ( Middle East ) () 60
Equinor tripled its adjusted net income for the third quarter from a year earlier, on the back of strong refining margins, high oil and natural gas prices, and increased hydrocarbon production.   The Norwegian energy major on Wednesday reported an adjusted net income of $2.86 billion for the third quarter, tripled from the $932 million income for the same period last year. Equinor’s oil and gas production rose by 2% year-over-year to 2.166 million barrels of oil equivalent per day (boepd). Furthermore, the company realized a European…

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