|Bid||16.54 x 3200|
|Ask||16.60 x 4000|
|Day's Range||16.32 - 16.58|
|52 Week Range||16.24 - 28.93|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||6.71|
|Forward Dividend & Yield||1.04 (6.33%)|
|1y Target Est||23.24|
Equinor's (EQNR) Mariner project is likely to churn out more than 300 million barrels of oil during its production cycle of 30 years and create 700 long-term jobs in the process.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...
Danske Commodities, a power and gas trading firm owned by oil major Equinor, has expanded its operations to the United States, completing its first trade on the PJM wholesale power market, it said on Thursday. The trade, which Danske Commodities called a milestone, extended the company's reach to 39 countries and was part of a strategy to expand globally, adding to the European and Australian markets that the firm is currently active in. The company launched its U.S. operation with three employees based in Equinor's Connecticut office, Danske's global head of power trading Jesper Tronborg told Reuters, declining to disclose the size of the initial trade.
Norway’s Equinor aims to play a more active role in selling its natural gas on the European market and capitalize more on spot market prices
(Bloomberg) -- Total SA’s second-quarter profit fell short of estimates as the price of natural gas and oil dropped, while record hydrocarbon production and continued cost cuts boosted cash flow.Adjusted net income was almost a fifth lower than a year earlier, but cash flow rose and the French giant went ahead with a planned share buyback. While trade tensions and signs of a global economic slowdown have weighed on commodity prices in recent months, years of cost cuts have improved energy companies’ resilience and they continue to boost shareholder returns.Total would have been able to cover its expenditures and dividends at an oil price of less than $50 a barrel, well below the current level, Chief Executive Officer Patrick Pouyanne said in a statement on Thursday.Pouyanne said the company will sell $5 billion of other assets from 2019 to 2020. The move should keep a lid on debt as the French oil major agreed in May to buy the African assets of Anadarko Petroleum Corp. for $8.8 billion. Most of those future divestments will be in exploration and production, including areas with high technical costs such as the recently divested North Sea fields, Total said.Total’s adjusted net income fell to $2.89 billion from $3.55 billion a year earlier, according to the company, which is based near Paris. Analysts polled by Bloomberg had forecast $2.98 billion on average. The shares of the French company were trading 0.5% higher at 9:18 a.m. in Paris.Oil and gas production climbed 9% from a year earlier to 2.957 million barrels equivalent a day. Sales of liquefied natural gas more than doubled to 8.5 million tons, due to last year’s acquisition of Engie SA assets and the ramp-up of projects in Australia and Russia.“The overall picture appears to be on track, with upstream volumes growing by 9% year-on-year, fueled by recent activity and growth projects,” Biraj Borkhataria, an analyst at RBC Europe Ltd., said in a note. He expressed skepticism that Total and peers may divest all upstream assets at “reasonable prices” because of high volume of planned divestments.Record output wasn’t enough to compensate for a sharp drop in natural gas prices, with key benchmarks in Europe and Asia more than 40% lower than a year earlier. Warm winter weather crimped demand, while additional supplies came onto the market from Russia, Australia and North America.Other major energy companies are also expected to suffer from the slump in gas prices, with Royal Dutch Shell Plc and BP Plc predicted to report lower earnings next week. Russia’s largest LNG producer, Novatek PJSC, posted a decline in second-quarter revenue on Wednesday, and Norwegian explorer Equinor ASA on Thursday slashed its investment plan for this year as it also reported quarterly earnings that dropped more than analysts had forecast.Operating cash flow before working capital charges, a measure of oil majors’ ability to keep paying generous dividends and investing in growth, rose 5% to $6.71 billion. Total is on track to complete its $1.5 billion share buyback target this year. Its interim payout was unchanged from the previous quarter at 0.66 euros ($0.74) a share.To cement future growth, Total agreed in May to buy the African assets of Anadarko, which include a giant LNG project in Mozambique as well as producing oil and gas fields in Ghana and Algeria. Earlier this year, it took a stake in the Arctic LNG 2 project in Russia, reinforced its commitment to Tellurian Inc.’s project in the U.S., and made progress on a venture in Papua New Guinea.The downstream division, which has been undermined in recent months by a pipeline issue in France and tainted Russian oil supplies in Germany, should benefit from the restart of the Grandpuits and Leuna refineries, the company said.(Updates with analyst comment and Equinor results from seventh paragraph.)To contact the reporter on this story: Francois de Beaupuy in Paris at firstname.lastname@example.orgTo contact the editors responsible for this story: James Herron at email@example.com, Helen Robertson, Christopher SellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Cuomo made the announcement at a New York City news conference just before signing into law a landmark climate bill to reduce the state's greenhouse gas emissions to zero by 2050. Offshore wind is expected to play a key role in reducing the state's emissions, and the state has a goal of procuring 9,000 megawatts (MW) by 2035.
New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, a key milestone in Governor Andrew Cuomo's ambitious plan to slash the state's greenhouse gas emissions. The two contracts add up to 1700 MW of capacity, or enough to power 1 million homes, Cuomo said at a press conference in New York City.
Production on the Trestakk oil and gas field on Haltenbanken in the Norwegian sea has started, operator Equinor said on Tuesday, adding that the project had come in under budget. Equinor said that, on field start-up, the final costs are expected to be 5 billion Norwegian crowns ($585 million) compared to the 5.5 billion crowns estimated when the project was approved by the authorities in 2017. The field has estimated recoverable resources of 76 million barrels of oil, the company added.
ExxonMobil (XOM) provided an update on second-quarter 2019 earnings, while TC Energy (TRP) said that it would sell some assets of Columbia Midstream Group for $1.28 billion.
Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield. Equinor agreed to sell about 54.5 million Lundin shares at a price of 266.4 crowns ($28.22), representing a discount of about 9.6% to Lundin's close on Friday. It will retain a 4.9% stake in Lundin.
The size of Equinor ASA (OB:EQNR), a øre577b large-cap, often attracts investors seeking a reliable investment in the...
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
Norway proposes to open two new areas in the North Sea with the potential to hold installed capacity of up to 3.5 gigawatts (GW) of offshore wind
Norway’s Equinor and partners Ineos E&P and Faroe Petroleum will evaluate how to further develop an oil and gas discovery made in exploration well 6507/3-13 (Snadd Outer Outer/Black Vulture), 14 km southwest of Norne field in the northern part of the Norwegian Sea and 200 km west of Sandnessjoen in production license 159B.