Equinor sees red as low oil price and Covid-19 halve 2Q revenues

Norwegian oil and gas giant Equinor sank to the red in the second quarter of the year as its revenues were halved amid Covid-19 pandemic and low oil prices.

Equinor on Friday reports adjusted earnings of $0.35 billion, down from $3.15 billion in the same period in 2019

Adjusted earnings after tax were $0.65 billion after tax in the second quarter of 2020, down from $1.13 billion in the same period last year.

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