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Equinor posted an adjusted operating profit of $ 4.3 billion – up from $ 3 billion for the same period in 2017.
He writes the company in a message.
– En route
Adjusted after-tax operating profit $ 1.7 billion compared with 1.3 at the same period last year.
The second quarter of 2018 is the best company since 2014.
– We create value at higher prices, generating solid results and cash flow. This quarter, we are delivering very strong results from our international operations, while new fields, increased maintenance and a number of quarter specific elements contribute to slightly higher costs on the Norwegian Continental Shelf. This underlines the importance of a continuous concentration of costs throughout the organization. We are on the right track to guide us in the capital market, says Eldar Sætre, CEO of Equinor ASA.
Higher Production
The turnover reached 18.68 billion dollars. Higher liquids and gas prices, combined with higher production, contributed to this increase.
Equinor produced a separate production of 2,028 million barrels of oil equivalent per day in the second quarter. Last year this figure was 1,996 enemies. According to Equinor, the second quarter was characterized by:
- Solid results and cash flow from operations, and after-tax operating profit strongly adjusted
- Record international production
- ] Transactions Value Creators and High Project Activity
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