STOHF - Equinor: Taking The Necessary Steps To Weather The Current Climate
On Thursday, May 7, 2020, Norwegian oil and gas giant Equinor ASA (EQNR) announced its first quarter 2020 earnings results. At first glance, these results were mixed as the company managed to beat the expectations of its analysts in terms of top-line revenues, but it did fail to achieve their earnings expectations. As with its other integrated peers, Equinor has certainly seen its financial performance adversely impacted by the steep decline in energy prices that accompanied the outbreak of the COVID-19 pandemic and its recent stock market performance reflects that. With that said