EQNR News and Press, Equinor ASA From 03/10/23

2023-03-10 09:30:00 ET Summary After a significant downtrend, oil seems to be bottoming out. Both companies (XOM and CVX) have a proven track records of consistent dividend growth. In addition, share buybacks could put a stable support under the share prices of both stocks. Bo...

2023-03-09 18:18:03 ET Six companies led by Marathon Petroleum ( NYSE: MPC ) won contracts to purchase 26M barrels of crude oil from the U.S. Strategic Petroleum Reserve in a competitive sale scheduled as part of a planned drawdown, the U.S. Department of Energy said Thursda...

2023-03-08 14:28:55 ET The CEO of Norwegian energy giant Equinor ( NYSE: EQNR ) said Tuesday that he expects Europe will struggle for the next two winters to replace Russian natural gas . "There is very small spare capacity available so small changes in supply have impac...

Equinor ( NYSE: EQNR ) is close to a deal to buy Suncor Energy's ( NYSE: SU ) U.K. North Sea oil and gas assets for ~$1B, Reuters reported Wednesday. The deal is said to include Suncor's ( SU ) 40% stake in the Rosebank oil and gas project, one of the largest developments ...

Summary I previously offered Equinor ASA as an alternative to U.S. energy. Equinor rose 75% over the three-year period but has stalled. Equinor's 10-year outlook looks good after record profits this quarter. European gas prices may be nearing a bottom. I wrote an art...

Summary Equinor's Q4 results were very strong despite plenty of investor uncertainty. Undoubtedly, the key takeaway is Equinor's commitment to a strong capital allocation policy in 2023, 11% dividend yield (annualized). I make the case that Equinor is a very compelling bet. In sum, ...

Equinor ( NYSE: EQNR ) said Thursday it made a commercial discovery near its producing Troll field in the North Sea, with preliminary estimates putting the size of the find at 17M-47M recoverable boe, mostly oil. The company said the new Rover Sor discovery is the seventh find in ...

Summary Another record year for earnings and cash flow. Increasing regular dividend 50% to $.30 per quarter and special dividend to $.60, 3x last year's first quarter. $17 billion being returned to shareholders this year, over 20% return on $82 billion enterprise value. The Qu...

Summary Shell plc reported fourth-quarter adjusted earnings per ADS of $2.76 or $9.814 billion, up 3.8% sequentially. Upstream production was 2,776K Boepd in the fourth quarter (including 916K Boepd of Integrated gas), down 10.1% compared to a year ago and up 2.3% sequentially. I re...

Equinor ASA (EQNR) Q4 2022 Earnings Conference Call February 8, 2023 07:00 AM ET Company Participants Bård Glad Pedersen - Senior Vice President of Investor Relations Anders Opedal - President and Chief Executive Officer Torgrim Reitan - Executive Vice President a...