Uff-da! Equinor pretty much hit a home run!
- production drops 3% y/y --
- company must have been listening to faux environmentalists chanting "leave it in the ground."
- operating income surges from $5.2 billion to $18.4 billion
- net income surges from less than $2 billion to almost $5 billion
Barron's: Equinor posts record profit as natural gas prices soar in Europe. Link here.
The $18 billion result compared with a revised $4.1 billion a year earlier and beat the $17.1 billion predicted in a company-compiled poll of 25 analysts.
$18 billion this quarter vs $4 billion a year ago! Whoo-hoo!
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