High energy prices ensure Equinor impressive Q1 results

The Norwegian oil company has benefited from high energy prices, which have boosted results. On the other hand, the company’s withdrawal from Russian joint ventures comes with a billion-dollar impairment.

BY VIKTOR BRANDT KÆRGAARD, TRANSLATED BY CHRISTOFFER ØSTERGAARD

First quarter of 2022 has certainly not been unfavorable for Equinor, which sees a doubling of revenue. At the same time, the operating result has tripled, while the bottom line grew by more than 250%.

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