Equinor ASA (EQNR) , along with Exxon Mobil Corporation (XOM) ,has announced its exit from Suriname Block 59. ExxonMobil, as the leader of the consortium, has transferred its ownership in Block 59 to Hess Corporation in a non-financial transaction. Equinor's decision to depart from the South American nation aligns with the company's broader objective to focus on a few core production areas, such as Norway, the U.S. Gulf of Mexico and Brazil. The company also intends to boost its investments in renewables an ...

Total quarterly revenues increased to $25,462 million from $22,870 million in the prior-year quarter. However, the top line missed the Zacks Consensus Estimate of $25,927 million. Segmental Analysis The company's average daily production of liquids and gas increased 5% year over year to 1,375 thousand barrels of oil equivalent per day (MBoe/d). The figure was also above our estimate of 1,310 Mboe/d. The strong performance can be attributed to high production levels, supported by well-executed turnarounds an ...

Financial Performance - Adjusted operating income reached $7.5 billion in 2Q 2024[13] - Net income for 2Q 2024 was $1.9 billion[13] - Cash flow from operations after tax was $1.9 billion in 2Q 2024 and $7.7 billion year-to-date[13, 2] - The company expects a total capital distribution of $14 billion in 2024[2] Production and Operations - Equity production was supported by the Buzzard field in the UK and new wells, offset by lower production in the US[8] - Renewable assets in operation contributed $41 million in adjusted operating income[21] - Strong production and operational performance on the NCS (Norwegian Continental Shelf) was supported by Troll and Oseberg and ramp up of new fields[18] - Renewables power production growth ~70% from 2023-24[26] Capital Distribution and Investments - Significant capital distribution of $2.5 billion in 2Q 2024[42] - Organic capex was $2.9 billion[22] - The company has cash, cash equivalents, and financial investments of $32 billion[42] Safety - Total Recordable Injury Frequency (TRIF) and Serious Incident Frequency (SIF) data are provided, indicating safety performance[4, 16]

Further information from: The purpose of the share buy-back programme is to reduce the issued share capital of the company. All shares purchased as part of the third tranche for 2024 will thus be cancelled through a capital reduction at the annual general meeting of the company in May 2025. In this third tranche of the share buy-back programme for 2024, shares for up to USD 528 million will be purchased in the market, implying a total third tranche of up to USD 1.6 billion including shares to be redeemed fr ...

Equinor (OSE: EQNR, NYSE: EQNR) will on 25 July 2024 commence the third tranche of up to USD 1.6 billion of the share buy-back programme for 2024, as announced in relation with the second quarter results 24 July 2024. In this third tranche of the share buy-back programme for 2024, shares for up to USD 528 million will be purchased in the market, implying a total third tranche of up to USD 1.6 billion including shares to be redeemed from the Norwegian State. The tranche will end no later than 22 October 2024 ...

Ordinary cash dividend amount: 0.35 Ex-date Oslo Børs: 18 November 2024 Date of approval: 23 July 2024 Announced currency: USD Record date: 19 November 2024 This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act. Extraordinary cash dividend amount: 0.35 Ex-date New York Stock Exchange: 19 November 2024 Other information: The cash dividend per share in NOK wi ...

Equinor ASA (EQNR) , a Norwegian energy giant, awarded a substantial drilling contract worth $498 million to Valaris Limited (VAL) , marking a significant move for the Brazilian oil and gas sector. The contract, awarded through Equinor Energy do Brasil Ltda., a subsidiary of Equinor, pertains to operations offshore Brazil under Project Raia. This move is part of the development of the Raia field, with operations expected to commence in 2026. The announcement highlights Equinor's strategic investment in Braz ...

EQNR is the operator of PL 1014, holding an 80% stake in the license. The remaining 20% is owned by OKEA. Per the permit, the entry date has been set for October 2024. Currently, EQNR carries a Zacks Rank #3 (Hold). Equinor ASA (EQNR) has received the green light from the Norwegian Offshore Directorate to drill a wildcat well in the Norwegian Sea. Equinor has been granted the drilling permit for wellbore 6610/7-3 within the Production License (PL) 1014. The Deepwater Atlantic is a sixth-generation semi-subm ...

Project Background and Milestones The project saw the installation of a new subsea template tied into the Kristin platform, now processing oil and gas from the first Lavrans well. The produced gas is exported through the pipeline system to the European market, while the oil is transferred by ship via the Asgard C storage vessel. Notably, the CO2 intensity of Kristin South Phase 1's extraction and production is remarkably low, at less than 1 kg of CO2 per barrel of oil equivalent. Emissions are primarily gen ...

The creditor deadline for the capital reduction has expired and the capital reduction was registered effective with the Norwegian Register of Business Enterprises today, 2 July 2024. Contact persons: Media relations: Sissel Rinde, vice president, +47 412 60 584 On 14 May 2024, the annual general meeting in Equinor ASA ((OSE: EQNR, NYSE:EQNR) decided that the company's share capital shall be reduced by NOK 525,808,437.50 from NOK 7,507,761,512.50 to NOK 6,981,953,075.00, through cancellation and redemption o ...