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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