Equinor delivers higher profit

Norwegian oil and gas giant Equinor recorded an increase in its first quarter 2019 profit as its production remained on par with the same period in 2018.

Equinor on Friday reported adjusted earnings of $4.19 billion in the first quarter 2019, down from $4.41 billion in the same period in 2018. Adjusted earnings after tax were $1.54 billion, up 4 percent from $1.47 billion in the same period last year.

IFRS net operating income was $4.73 billion in 1Q 2019 down from $4.96 billion in the same period of 2018. IFRS net income was $1.71 billion, a 33% increase from $1.29 billion in the first quarter of 2018.

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