HomeFutures and CommoditiesEquinor exceeds Q4 profit expectations, outperforming forecasts.
Futures and Commodities

Equinor exceeds Q4 profit expectations, outperforming forecasts.

Equinor Q4 Operating Profit Exceeds Expectations

Equinor Posts Strong Q4 Profits

Equinor exceeded expectations by posting higher-than-anticipated profits for the final quarter of 2023. However, the company also announced a reduction in overall shareholder payments and predicted that production would remain unchanged in 2024.

Adjusted Earnings Beat Analyst Predictions

The oil and gas producer reported that its adjusted earnings before tax for October-December dropped to $8.68 billion from $17.0 billion in the same period the previous year. Despite this decline, the figure still surpassed the $8.46 billion predicted by a poll of 26 analysts compiled by Equinor.

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