Pages

Wednesday, May 4, 2022

Equinor Earnings -- Uff-Da -- May 4, 2022

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!

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.