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STOHF - Equinor: Stunning Earnings Thanks To Liquids Trading
Equinor ASA
On Friday, July 24, 2020, Norwegian energy giant Equinor ASA (EQNR) announced its second quarter 2020 earnings results. The initial headline numbers here were rather stunning as the company beat the expectations of its analysts in terms of adjusted net income, although it did miss on revenue expectations. The actual earnings report tells a different story as Equinor was clearly impacted by the COVID-19 pandemic and the resulting decline in energy prices. The company certainly performed better than many of its peers though, which is partly due to some of the company's divisions