The Annual Petroleum & Chemical Automation Technology & Equipment and Instrumentation Event
logo

Beijing International Petroleum & Chemical Automation Technology & Equipment and Instrumentation Exhibition

ufi

BEIJING,CHINA

March 26-28,2026

LOCATION :Home> News> Industry News

Equinor profit beats estimates as oil output tops prediction

Pubdate:2019-05-05 14:09 Source:liyanping Click:
OSLO (Bloomberg) -- Norway’s Equinor beat profit and cash-flow estimates after pumping more oil and gas than predicted.
 
First-quarter results at the state-controlled producer cap a mixed series of earnings for the major oil companies as the industry turns a page on the 2014-2017 downturn. Supermajors BP Plc and Royal Dutch Shell Plc met or exceeded estimates thanks to trading gains and strong natural-gas results, while Exxon Mobil Corp. had its worst refining performance in almost two decades.
 
“We maintain high production, continue with strong cost focus and strict capital discipline, and we are on track to deliver on our guidance from our Capital Markets Update in February," Equinor CEO Eldar Saetre said Friday in a statement.
 
Equinor’s adjusted net income rose to $1.54 billion in the quarter from $1.47 billion a year earlier, beating the average analyst estimate of $1.31 billion in a Bloomberg survey.
 
Equinor rose as much as 2% in Oslo trading, and was up 0.8% at 192.1 kroner in the Norwegian capital.
 
The company produced “a strong set of numbers,” Jon Masdal, an analyst at DNB ASA, said in a note. Natural-gas output in Norway helped push total production above expectations, according to RBC Capital Markets.
 
Output Steady
 
The company pumped 2.178 MMboed in the quarter, little changed from a year earlier but exceeding the average estimate of 2.163 MMboed in a company survey. It maintained plans to keep output flat this year, then increase it 3% a year on average until 2025.
 
Equinor also managed the fallout from a steep drop in European gas prices in the quarter, realizing the same price as a year earlier just as it boosted production of the fuel in Norway.
 
Equinor generated $6.5 billion in cash flow from operations, compared with a JPMorgan Cazenove prediction of $4.5 billion. The net-debt ratio shrank to 19.4% from 22.2% at the end of 2018, falling below 20% for the first time since the end of 2014. Equinor has a long-term gearing-target range of 15% to 30%.
 
Nevertheless, the company gave no sign it’s about to start a buyback program, with Saetre saying in an interview he’ll continue to prioritize cash dividends and debt reduction. Investors shouldn’t expect the debt ratio to “automatically go down” further, Chief Financial Officer Lars Christian Bacher said in a separate interview following an earnings presentation in Oslo.
 
Equinor is keeping plans to increase investment to about $11 billion this year after making drastic cuts during the market slump. The company will pay a dividend of $0.26 a share for the quarter, after deciding earlier this year to raise payouts by 13%.
主站蜘蛛池模板: 狼群影院www| 久久久久亚洲精品无码蜜桃| 91精品国产综合久久青草| 男生秘密网站入口| 女人高潮特级毛片| 午夜老司机在线观看免费| 中文字字幕在线乱码| 美女的让男人桶爽网站| 我和岳乱妇三级高清电影| 国产jizzjizz免费看jizz| 久久久久无码精品国产H动漫| 香港三级日本三级三级韩级2| 日韩亚洲专区在线电影| 国产午夜无码精品免费看| 九九热在线视频播放| 黄色大片在线播放| 日本工口里番h彩色无遮挡全彩 | 一本大道香一蕉久在线影院| 精品午夜福利1000在线观看| 嫩草视频在线免费观看| 人人鲁人人莫人人爱精品| 99久久99久久免费精品小说| 欧美日韩激情在线| 国产精品久久久久久久久久免费| 亚洲va韩国va欧美va天堂| 99re最新这里只有精品| 日本精品www色| 嘟嘟嘟www在线观看免费高清| 一本大道一卡二大卡三卡免费| 狠狠色丁香婷婷久久综合蜜芽| 国产美女精品三级在线观看| 亚洲人成无码网站| 青青青国产在线观看| 成人欧美在线视频| 人妻精品久久久久中文字幕一冢本 | 男女下面一进一出视频在线观看| 欧美一区二区福利视频| 国产嘿嘿嘿视频在线观看| 久久AV高潮AV无码AV| 精品国产污污免费网站入口| 在线观看国产日本|