Equinor PT receives Investment Bank Analyst Rating Update
By Peter Nurse Investing.com -- Oil prices rose Thursday, extending gains from the previous session, helped by lower U.S. crude inventories and a rebound in gasoline even as the...
By Peter Nurse Investing.com -- The Federal Reserve hiked as expected, but uncertainty exists over its next move when the summer ends. U.S. GDP release could provide some clues,...
Every oil company—from super-rich Aramco (SE:2222) in Saudi Arabia to tiny fracking firms in Oklahoma—has been hit hard this year by lower oil prices.In the U.S., as...
Oil prices, particularly WTI, continue to show extreme volatility. On Tuesday, Apr. 28 WTI plunged by 20% as the June contract experienced a major sell off. Then on Wednesday, WTI...
Equinor ASA (NYSE:EQNR) recently announced its downward revision of 2020 capital budget in the wake of a weak crude pricing scenario. So the company aims to prune capital...
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops wind, and carbon capture and storage projects, as well as offers other renewable energy. As of December 31, 2021, the company had proved oil and gas reserves of 5,356 million barrels of oil equivalent. Equinor ASA has collaboration agreements with Vårgrønn; and RWE Renewables and Hydro REIN. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.