STOHF - Equinor: Reasonable Results But Severe Hit To Exploration
- Equinor's results likely disappointed analysts as the company reported weaker YOY financial performance and delivered a fairly large loss.
- This was largely the effect of lower energy prices, although the company also saw its production decline.
- The company saw much higher declines internationally than it did in Norway, which is the direct result of repairs and divestments.
- The company is taking the steps that it needs to in order to navigate through today's environment but the hit to its exploration activities was severe.
- The company easily generated far more than enough free cash flow to cover its dividend, which is always nice to see.
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Equinor: Reasonable Results, But Severe Hit To Exploration