EQNR - Equinor ASA

NYSE - NYSE Delayed Price. Currency in USD
19.56
+0.36 (+1.87%)
At close: 4:02PM EST
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Previous Close19.20
Open19.52
Bid19.52 x 4000
Ask19.60 x 2900
Day's Range19.45 - 19.67
52 Week Range16.24 - 24.48
Volume2,035,581
Avg. Volume2,128,340
Market Cap65.523B
Beta (3Y Monthly)0.77
PE Ratio (TTM)11.96
EPS (TTM)1.63
Earnings DateN/A
Forward Dividend & Yield1.04 (5.42%)
Ex-Dividend Date2019-11-18
1y Target Est23.08
  • Rigzone.com

    Equinor Buys Inspection Services for Over $380MM

    Equinor has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf and onshore plants in Norway.

  • Signs That Your Trading Will Ruin Your Retirement - November 14, 2019
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    Signs That Your Trading Will Ruin Your Retirement - November 14, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Income Investors Should Know That Equinor ASA (OB:EQNR) Goes Ex-Dividend Soon
    Simply Wall St.

    Income Investors Should Know That Equinor ASA (OB:EQNR) Goes Ex-Dividend Soon

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

  • Simple Secrets Anyone Can Use to Reach Early Retirement - November 13, 2019
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    Simple Secrets Anyone Can Use to Reach Early Retirement - November 13, 2019

    Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.

  • Equinor sells Eagle Ford position for hundreds of millions of dollars
    American City Business Journals

    Equinor sells Eagle Ford position for hundreds of millions of dollars

    The company cut its price expectations at the end of the third quarter, which resulted in a large impairment on the value of its U.S. assets.

  • Rigzone.com

    Equinor Inks $325MM Deal to Sell Eagle Ford Assets to Repsol

    Equinor has signed an agreement to divest its position in the Eagle Ford to Repsol for $325 million.

  • Reuters

    UPDATE 1-Equinor sells its assets at U.S. Eagle Ford to Repsol for $325 mln

    Norway's Equinor agreed to sell its shale assets at the Eagle Ford shale formation in southwest Texas to Repsol for $325 million, the Norwegian oil and gas firm said on Thursday. The company holds 69,000 acres net (27,923 hectares) in the formation via a joint venture with Spanish Repsol, and its equity production from the Eagle Ford averaged 43,000 barrels of oil equivalents per day (boepd) or 2% of its total global output in 2018. Equinor entered the Eagle Ford through a 50-50 joint venture with Talisman Energy in 2010, increasing its stake to 63% in 2015 and taking operatorship of the whole asset in 2016.

  • Equinor sells its assets at U.S. Eagle Ford to Repsol for $325 million
    Reuters

    Equinor sells its assets at U.S. Eagle Ford to Repsol for $325 million

    Norway's Equinor agreed to sell its shale assets at the Eagle Ford shale formation in southwest Texas to Repsol for $325 million (£253.57 million), the Norwegian oil and gas firm said on Thursday. The company holds 69,000 acres net (27,923 hectares) in the formation via a joint venture with Spanish Repsol , and its equity production from the Eagle Ford averaged 43,000 barrels of oil equivalents per day (boepd) or 2% of its total global output in 2018. Equinor entered the Eagle Ford through a 50-50 joint venture with Talisman Energy in 2010, increasing its stake to 63% in 2015 and taking operatorship of the whole asset in 2016.

  • Norway’s Oil Boom Is Back
    Oilprice.com

    Norway’s Oil Boom Is Back

    Drillers on the Norwegian Continental Shelf are reporting the most successful exploration year since 2014

  • Who Has Been Buying Equinor ASA (OB:EQNR) Shares?
    Simply Wall St.

    Who Has Been Buying Equinor ASA (OB:EQNR) Shares?

    We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...

  • Oil Slides as OPEC Delegates Not Pushing For Deeper Output Cuts
    Bloomberg

    Oil Slides as OPEC Delegates Not Pushing For Deeper Output Cuts

    (Bloomberg) -- Oil fell after a report that the biggest producers in OPEC+ aren’t pushing for deeper oil-supply cuts when the group meets next month.Futures in New York slid 1.5% Wednesday. Prices dropped further after Reuters reported that a meeting between Chinese President Xi Jinping and U.S. President Donald Trump could be delayed until December.The narrative around the OPEC cuts is changing, said Rob Thummel, managing director and portfolio manager at Tortoise, a Kansas firm that oversees more than $21 billion in assets. “If that’s the case, along with the higher than expected build in oil, oil prices should continue to fall for the day.”U.S. crude inventories built by 7.93 million barrels last week, according to data from the Energy Information Administration. Gasoline and distillate supplies fell, while stockpiles stored at the Cushing, Oklahoma, storage hub rose 1.7 million barrels. The U.S. registered its first petroleum trade surplus in over four decades in September as production surged to a record.Oil gained earlier this week on optimism that trade tensions between the U.S. and China are easing, potentially alleviating downward pressure on the global economy. Yet prices remain about 15% below the peak reached in April amid concern that tepid consumption growth and record American shale-oil output will create a new surplus next year.West Texas Intermediate for December delivery fell 88 cents to settle at $56.35 a barrel on the New York Mercantile Exchange.Brent for January settlement declined $1.22 to end the session at $61.74 a barrel on the ICE Futures Europe Exchange. The global benchmark crude traded at a $5.36 premium to WTI for the same month.U.S. locations for a Trump-Xi meeting that had been proposed by the White House, including Iowa and Alaska, have been ruled out, a person familiar with the matter said. Locations in Asia and Europe are now being considered instead, the person said, asking not to be identified because the discussions aren’t public.“The crude market is much more skeptical about a deal,” said John Kilduff, partner at Again Capital in New York. With further issues between a U.S.-China trade deal, oil prices are not going to rise now, he said. “It’s tough to surmount.”To contact the reporter on this story: Jacquelyn Melinek in New York at jmelinek@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Mike Jeffers, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The Extreme Risks of Trading Your Own Retirement Assets - November 06, 2019
    Zacks

    The Extreme Risks of Trading Your Own Retirement Assets - November 06, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Powerful Proof Anyone Can Invest for an Early Retirement - November 05, 2019
    Zacks

    Powerful Proof Anyone Can Invest for an Early Retirement - November 05, 2019

    Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.

  • Norwegian Workers Lash Out Against Oil Shame
    Bloomberg

    Norwegian Workers Lash Out Against Oil Shame

    (Bloomberg) -- Ole Lie, a drilling supervisor who’s worked for Norway’s oil giant Equinor ASA since the 1990s, is feeling unloved as many are starting to turn their backs on an industry that’s made the Nordic country one of the richest on Earth.“I feel stabbed in the back,” said Lie, 54, who works on the Gullfaks C platform in the North Sea. “Politicians are very fond of re-distributing the money we make, but not of providing the support needed to keep the industry alive.”Western Europe’s biggest petroleum producer has a complicated relationship with oil amid growing concern over its impact on the global climate. Oil was discovered in the North Sea in the 1960s and has made Norwegians rich, but that fairy tale is now losing sway as a growing number of politicians and environmental groups are calling for a shut down of production with as much half of the estimated resources still in the ground.‘Proud Oil Worker’As neighbors in Sweden are grappling with “flying shame” from the pollution air travel causes, offshore workers across the fjord-edged nation are complaining about “oil shame.” They are now fighting back against what they perceive as a new stigma on their profession and a disregard for the industry’s economic contributions. Many have fitted their Facebook profile picture with a filter proclaiming to be a “Proud Oil Worker” -- thousands according to the graphic’s creator.Oil and gas accounts for about half of the country’s exports and the industry employs almost 200,000 people. This year, the government expects to get $26 billion from taxes, stakes in fields and dividends from Equinor. Almost all of it goes straight into the budget. The rest will top off Norway’s sovereign wealth fund, the world’s biggest at about $1.1 trillion. Equinor also just started Norway’s biggest oil field in decades, promising a revival of production and revenue in the coming years.Yet some polls show that popular support for the industry is eroding. While the biggest political parties remain supporters of the industry, they’re being challenged by other groups and even their own youth wings. The stability of Norway’s oil regulations, one of the high-cost country’s main selling points, could be in jeopardy in coming elections.Read: Fear Grips Norway’s Oil Industry as Political Risk ExplodesThe provenance of “oil shame” is unclear. In past months it has been increasingly used in discussions on whether Norway has a moral obligation to phase out production to help fight climate change -- or at least stop making money off of it. It follows on the proliferation of “flying shame” in Sweden, a campaign against flying that has hurt air travel.Oil workers started a push back on social media after Norway’s local elections in September, according to Idar Martin Herland, an electrician at Equinor who created the filter. The election had little immediate impact on the industry, but saw the Green Party gain a record number of votes in the capital, where its top politician, Lan Marie Nguyen Berg, proclaimed on election night that “the time when it was OK to make money by destroying our future will soon be over.”While she was addressing the powerful oil lobby, many offshore workers took it personally, Herland said.“They used to say we were paid too much and worked too little,” he said in a phone interview this month. “Now we’re also destroying the world!”Green JobsThe Green Party, which has only one lawmaker in parliament but could add seats in the next general election in 2021, argues that it’s difficult to avoid polarization over an issue as important as climate change. The party wants to phase out oil production over 15 years but sees oil workers as key participants in the transition to a more sustainable energy system with offshore wind power and carbon capture, spokesman Arild Hermstad said.“The oil workers’ know-how is enormously important,” he said in a phone interview. “Oil workers have nothing to be ashamed of. They aren’t responsible for the big political decisions that must be made to secure a safe transition to green jobs.”But Lie, the drilling supervisor, said even his own company feels guilty. Equinor changed its name from Statoil last year to reflect an increased focus on renewable energy, even though it will still invest as much as 85% of its capital in crude and gas by 2030.“When you walk into the reception there, you see pictures of windmills and trees, but not the machinery and rigs the majority of us actually work with,” said Lie. “Even at Equinor, there’s a sort of oil shame.”Equinor countered that there’s a “good mix” of oil platforms and wind farms in office graphics, and said it’s “proud of both.”“The name change has been mostly well received, and represents us well by showing that we’re becoming a broad energy company,” spokesman Morten Eek said.To contact the reporter on this story: Mikael Holter in Oslo at mholter2@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Jonas BergmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Oil Bulls Broken By Economic Fears
    Oilprice.com

    Oil Bulls Broken By Economic Fears

    Oil markets had another volatile week with geopolitical and economic news pulling crude prices in every direction

  • Core Laboratories (CLB) Q3 Earnings and Sales Beat Estimates
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    Core Laboratories (CLB) Q3 Earnings and Sales Beat Estimates

    Better crude oil market fundamentals are likely to scale up international activities, thereby boosting the prospects of Core Laboratories' (CLB) Reservoir Description unit.

  • Cabot (COG) Q3 Earnings Beat, FCF Soars, Dividend Raised
    Zacks

    Cabot (COG) Q3 Earnings Beat, FCF Soars, Dividend Raised

    Cabot Oil & Gas' (COG) overall production totaled 220.7 Bcfe (100% natural gas), 18.3% higher than the prior-year quarter volume of 186.5 Bcfe.

  • Oil Rises After Stock Draw, Pipe Outage Temper Economic Fears
    Bloomberg

    Oil Rises After Stock Draw, Pipe Outage Temper Economic Fears

    (Bloomberg) -- Oil climbed for a third day as shrinking U.S. crude stockpiles and an outage at a key North Sea pipeline tempered weak economic data from Germany.Futures in New York rose 0.5% after the North Sea Forties oil pipeline system was shut following a power loss. American crude inventories unexpectedly shrank by 1.7 million barrels last week, according to EIA data released Wednesday. Still, concerns over a slowing economy persisted after IHS Markit’s measure of German manufacturing and services signaled the nation’s slump will persist into the fourth quarter.“The tone has changed a bit here, especially that to a certain degree, we are exiting turnaround season and that maintenance may have already hit its low point,” said Bob Yawger director of the futures division at Mizuho Securities USA. “That means you’re going to start seeing some more draws here.”Oil is down 15% from an April peak as the prolonged trade dispute between Beijing and Washington dents global demand. That’s putting pressure on The Organization of Petroleum Exporting Countries and its partners to consider cutting production further when they meets in December. However, Russia’s Energy Minister Alexander Novak said on Wednesday that none of the OPEC+ members have submitted a proposal to change the existing terms of their deal.West Texas Intermediate for December delivery added 26 cents to settle at $56.23 a barrel on the New York Mercantile Exchange.Brent for December settlement rose 50 cents to $61.67 a barrel on the London-based ICE Futures Europe Exchange. The global benchmark crude traded at a $5.44 premium to WTI.See also: Andurand Heads for Second Annual Loss Despite October GainTotal U.S. stockpiles of crude and oil products, excluding the strategic petroleum reserve, fell by 9 million barrels last week to the lowest level since May, according to the Energy Information Administration released on Wednesday. Gasoline inventories dropped for a fourth week as demand for the motor fuel rose to its highest since at least 1991 on a seasonal basis. Imports of foreign oil slid to the lowest in more than two decades.Demand woes still persist in Asia, the biggest consumption center for oil. South Korea’s economy grew at a slower pace in the third quarter, while China last week reported a slump in the pace of economic growth to the lowest since the early 1990s.\--With assistance from Saket Sundria and Grant Smith.To contact the reporters on this story: Catherine Ngai in New York at cngai16@bloomberg.net;Stephen Cunningham in Washington at scunningha10@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Catherine TraywickFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TechnipFMC (FTI) Q3 Earnings and Revenues Miss Estimates
    Zacks

    TechnipFMC (FTI) Q3 Earnings and Revenues Miss Estimates

    TechnipFMC's (FTI) adjusted EBITDA from the Onshore/Offshore unit in Q3 surges 34% from the year-ago figure.

  • Norway’s New Crude a Threat to Rivals in Prized Asia Market
    Bloomberg

    Norway’s New Crude a Threat to Rivals in Prized Asia Market

    (Bloomberg) -- Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.China’s Unipec, at least one of the nation’s independent refiners and South Korea’s Hyundai Oilbank Co. have bought Johan Sverdrup for December delivery, said traders and refinery officials in Asia. The North Sea oil produced by Equinor ASA has been likened to Brazil’s Lula and Angola’s Saturno crudes.Oil with low-sulfur content is in demand ahead of stricter ship-fuel rules that take effect Jan. 1, while supply of medium-density crude has been tight due to the attacks on Saudi Arabia and U.S. sanctions on Iran and Venezuela. Johan Sverdrup has both of those qualities, and it’s also attractively priced, which may have lured refiners that are typically cautious about new grades.If Johan Sverdrup continues to gain traction it may jeopardize exports of its rival grades to the world’s top crude-consuming region. Angolan and Brazilian oil accounted for 10% and 8%, respectively, of Chinese imports in the first eight months of the year, according to government data. By comparison, Norwegian crude had a minuscule 0.04% share.“I have no doubt we’ll see a trend of more Norwegian flows to Asia, especially China, in the coming months,” said Sengyick Tee, an oil analyst at SIA Energy in Beijing. “Given the soaring freight rates and high Chinese stockpiles, Equinor will need to price it attractively,” he said, adding that the company has a strong presence among Shandong’s teapots.See also: Trade War, Sanctions Aiding Appeal of New Equinor Oil GradeShandong Qingyuan Group, a Chinese teapot, bought about 1 million barrels of Johan Sverdrup at a premium of $6 to $6.50 a barrel to Brent crude on a delivered basis, said traders who asked not to be identified as the information isn’t public. That’s around $1 a barrel cheaper than Lula and 20 to 30 cents less than Saturno, the traders said.Unipec -- the trading arm of Chinese giant Sinopec -- has bought two shipments of Johan Sverdrup for October loading, while Hyundai Oilbank took an undisclosed volume of the grade, the traders said. The prices for these deals aren’t available.Whether or not Equinor can keep offering the grade at lower prices over the longer term remains to be seen. The Norwegian company may have hedged shipping costs in advance, said one of the traders. Equinor is also giving buyers the option to co-load with other varieties, which may help reduce the cost of shipping to Asia.Johan Sverdrup has an API gravity reading of 27 degrees with sulfur content of 0.8%. While that’s a slightly higher sulfur reading than most sweet crudes -- loosely defined as having 0.5% or less of sulfur -- processors looking to produce more IMO 2020-compliant fuel may seek out the grade as part of a lower-sulfur oil feedstock blend.The disruption of Middle East supplies and declining output from Angola have created a market opening in Asia for Johan Sverdrup, said Senthil Kumaran, a senior oil analyst at industry consultant FGE in Singapore.(Adds analyst comment in 10th paragraph.)\--With assistance from Alex Longley.To contact Bloomberg News staff for this story: Sarah Chen in Beijing at schen514@bloomberg.net;Serene Cheong in Singapore at scheong20@bloomberg.net;Sharon Cho in Singapore at ccho28@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Andrew Janes, Ben SharplesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Equinor sticks to 2019 output forecast as low gas sales hit profit
    Reuters

    Equinor sticks to 2019 output forecast as low gas sales hit profit

    Equinor's third-quarter profit fell by more than expected on Thursday after a significant decline in the volume and price of natural gas sold to Europe, although the Norwegian firm reiterated its forecast for flat 2019 production. Shares in Oslo-listed Equinor were up 2.2% by 0730 GMT after it also confirmed plans to reach Phase 1 plateau output of 440,000 barrels at its giant Johan Sverdrup oil field by summer 2020 after new wells are drilled. Equinor's Sverdrup oil field, which only started in early October, has already achieved a daily production above 200,000 barrels, and will have a capacity of well above 300,000 barrels by the end of November.

  • McDermott Signs Financing Deal, Withdraws 2019 Forecast
    Zacks

    McDermott Signs Financing Deal, Withdraws 2019 Forecast

    McDermott's (MDR) withdrawal of 2019 guidance and its high-debt costs crash its share price and bonds.

  • Reuters

    In Brazil, Norway's Equinor eyes natural gas infrastructure

    Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years. Natural gas is considered both a promising opportunity and a vexing problem in Brazil. Many of the region's assets have significant amounts of natural gas, but consumption is low among Brazilians and the nation has few pipelines and terminals to facilitate exports.

  • An Intrinsic Calculation For Equinor ASA (OB:EQNR) Suggests It's 44% Undervalued
    Simply Wall St.

    An Intrinsic Calculation For Equinor ASA (OB:EQNR) Suggests It's 44% Undervalued

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Equinor ASA (OB:EQNR...