EQNR - Equinor reports Q3 results; revises FY22 guidance range
- Equinor press release ( NYSE: EQNR ): Q3 adjusted earnings of $24.3B and $6.72B after tax in the third quarter of 2022.
- Net operating income was $26.1B and the net income was reported at $9.37B.
- Revenue of $43.34B (+79.6% Y/Y) beats by $2.84B .
- Outlook: Organic capital expenditures are estimated at around USD 8.5 billion for 2022, at an annual average of around USD 10 billion for 2022-2023 and at an annual average of around USD 12 billion for 2024-20251 .
- Production for 2022 is estimated to be around 1% above 2021 level.
- Equinor’s ambition is to keep the unit of production cost in the top quartile of its peer group.
- Scheduled maintenance activity is estimated to reduce equity production by around 40 mboe per day for the full year of 2022.
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Equinor reports Q3 results; revises FY22 guidance range