EQNR - Equinor Hikes Dividend To 4.5% Remains Cheap
Introduction
Equinor (EQNR, STOHF) is the new name of the large Norwegian oil company previously known as Statoil. With a production rate of in excess of 2 million barrels of oil-equivalent per day, this strong and reliable Norwegian producer of fossil fuels has a dominant position in the European market, as it produces oil and gas from very prolific and low-cost oil and gas assets. The company continues to grow its production rate and is expected to produce an additional 400,000 boe/day by 2025 on top of its current production platform of