Equinor Shifts Focus to Boost Profit, Downsizes Renewables

Equinor ASA (EQNR) , the Norwegian energy giant, is set to scale back its renewables unit, prioritizing profitability over expansion in the wake of escalating costs and diminishing returns, per a Bloomberg report. The move marks a strategic shift for the company as it navigates the challenges currently facing the renewable energy sector. Equinor's Strategic Shift in Focus According to an internal memo reported by Bloomberg, Equinor will undertake fewer renewable projects and limit its operations to certain ...