Uncategorized

Equinor sees net profit fall

Norwegian oil and gas company Equinor, in its first financial report since the name change, saw its second quarter 2018 net profit drop by 15% despite an increase in revenues. 

According to its statement released on Thursday, Equnior’s adjusted earnings were $4.3 billion in the second quarter 2018, up 43% from $3 billion in the same period in 2017.

The company’s net income however dropped by 15% to $1.22 billion from $1.44 billion in the second quarter of 2017.

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Categories: Uncategorized

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