Equinor posted a record profit in the fourth quarter

A quarterly report released by Equinor, one of the world’s foremost crude oil suppliers, indicated severe financial results for the 4Q of last year. It led to a sharp increase in the shares of the Norwegian company by 3.3% – to a new background high. The main affirmative factor contributing to the strong trimestral results is the sharply increased oil and gas prices. In the last three months of last year, adjusted earnings reached $15 billion, up from $756 million in the equal term last year. The plan of economists assumed it at the level of 13.2 billion dollars. As Equinor prepares to celebrate its fiftieth anniversary in 2022, it has announced an interim dividend of $0.20 per share. Three months earlier, they were $0.18. In addition, quarterly additional dividend settlements of $0.20 per share will be made throughout the year.


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Arseny Kudrin

Publicist, trader

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