EQNR - Equinor reports Q4 results; updates FY23 guidance
- Equinor press release ( NYSE: EQNR ): Q4 adjusted earnings of $15.1B and $5.80B after tax in the fourth quarter of 2022.
- Revenue of $34.32B (+5.2% Y/Y) misses by $6.29B .
- Equinor delivered a total equity production of 2,046 mboe per day for the fourth quarter, down from 2,158 mboe per day in the same quarter of 2021.
- Proposed 50% increase in ordinary cash dividend to $0.30 per share.
- Expected capital distribution in 2023 of $17B.
- Long-term goals: " Well positioned to deliver strong returns through the energy transition, expecting above 15% return on average capital employed to 2030.
- Expecting around USD 20 billion in average annual cash flow from operations after tax towards 2030."
- Outlook: Equinor expects organic capex of USD 10-11 billion in 2023, and an annual average of around USD 13 billion for 2024-2026.
- In 2023 Equinor expects a production growth of around 3% in oil and gas, compared to 2022.
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Equinor reports Q4 results; updates FY23 guidance