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EQNR - Equinor Remains An Increasingly Diversified Cash Flow Machine
Equinor ASA
2024-05-06 08:01:38 ET
Summary
Equinor has strong financial results, with $7.5 billion in adjusted operating income and $2.7 billion in net income in 1Q 2024.
The company remains the preferred natural gas producer for Europe, with 50% of its 1Q 2024 production being gas.
Equinor plans to double its renewable power generation, but its renewable energy business is still small and requires significant capital expenditures to scale up.