EQNR - Equinor: 14% Yield Near 52-Week Low (Rating Upgrade)
2024-02-16 09:15:00 ET
Summary
- Equinor ASA's earnings were affected by lower natural gas prices in 2023, but still generated significant cash flow and dividends.
- The company saw a decline in natural gas revenues, particularly in European gas, but had strong crude oil revenues.
- Equinor made several acquisitions and dispositions in 2023 and plans to increase capital expenditure in the coming years.
Much lower Natural Gas prices (NG1:COM) affected the top and bottom lines of integrated oil majors in 2023. Among those firms affected, Equinor ASA ( EQNR ) of Norway had a major decline in earnings. I last wrote about EQNR here with a Hold rating....
Equinor: 14% Yield, Near 52-Week Low (Rating Upgrade)