EnergyWatch

Lundin increases revenue sharply

The Swedish oil company has nearly tripled its revenue of continuing operations in the third quarter. But the progress does not filter all the way down to the bottom line.

The first quarter of the year prompted a significant increase in revenue for Lundin Petroleum, but a deferred tax puts a damper on the profits.

The Swedish oil company has opted to divide its business into two, transferring the company's non-Norwegian activities into a new company named International Petroleum Corporation (IPC) on April 24. Lundin owns the spinoff company's Norwegian assets.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs