Equinor’s first-quarter results for 2022 will likely surpass those of last year’s Q4 upon presentation next Wednesday, according to consensus figures Equinor compiled from 25 analysts, reports Norwegian media E24.

Analysts predict an adjusted gross result of USD 17.1bn against the same post of USD 5.47bn from the first quarter of 2021.

”It will be completely fantastic. It’s not so surprising. Not least, [Equinor] will achieve a colossal cash flow,” ABG Sundal Collier analyst John Olaisen tells the media.

Referencing another big domestic oil outfit, Vår Energi, he adds that the company raised its shareholder dividend by 25 percent, thereby prompting excitement about what Equinor might present in that regard.

As reported by EnergyWatch, Vår Energi, the second-largest oil extractor in Norway, advanced on both its top and bottom line during the first quarter of this year.

The 25 analysts behind Equinor’s estimate count on the company showing profit of USD 4.86bn.

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