© Reuters. FILE PHOTO: Equinor’s logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
LONDON (Reuters) – Equinor on Wednesday posted higher-than-expected profits for the final three months of 2023, but cut its overall shareholder payments and said production was expected to be unchanged in 2024.
The oil and gas producer’s adjusted earnings before tax for October-December fell to $8.68 billion from $17.0 billion a year earlier, beating the $8.46 billion predicted in a poll of 26 analysts compiled by Equinor.
Read the full article here