EQNR - Equinor ASA

NYSE - Nasdaq Real Time Price. Currency in USD
18.77
+0.10 (+0.54%)
At close: 4:02PM EST
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Previous Close18.67
Open18.78
Bid18.74 x 3000
Ask18.83 x 3200
Day's Range18.66 - 18.92
52 Week Range16.24 - 23.97
Volume5088408
Avg. Volume2,145,980
Market Cap61B
Beta (5Y Monthly)0.79
PE Ratio (TTM)11.48
EPS (TTM)1.63
Earnings DateN/A
Forward Dividend & Yield1.04 (5.57%)
Ex-Dividend Date2020-02-18
1y Target Est23.81
  • Equinor's Appraisal Well Drilling Fails as it Encounters Water
    Zacks

    Equinor's Appraisal Well Drilling Fails as it Encounters Water

    The initial exploration work by Equinor (EQNR), which hits a well holding water, is intended to test the discovery in the primary exploration target and decide the ratio between oil and gas.

  • Hedge Funds Have Never Been This Bullish On Equinor ASA (EQNR)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Equinor ASA (EQNR)

    Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 26% in 2019 (through November 22nd). Conversely, hedge […]

  • Our Take On Equinor ASA's (OB:EQNR) CEO Salary
    Simply Wall St.

    Our Take On Equinor ASA's (OB:EQNR) CEO Salary

    Eldar Sætre has been the CEO of Equinor ASA (OB:EQNR) since 2014. First, this article will compare CEO compensation...

  • Rigzone.com

    Equinor Starts 3rd UK Development in 2019

    Equinor has started its third UK upstream development in 2019 - Barnacle.

  • Norway ramps up Western Europe's largest oilfield as oil's future questioned
    Reuters

    Norway ramps up Western Europe's largest oilfield as oil's future questioned

    Norwegian oil worker Nils Magne Lunde is preparing to drill a well at Johan Sverdrup, a North Sea offshore field which started in October and has quickly become Western Europe's biggest oil producer with rapidly rising output. Doubts about the future of Norway's main industry are mounting. Norway has not discovered any major new oil deposits and green groups and young politicians are increasingly calling for production to be curbed or even a shut down due to climate change.

  • The Lonely Oil Giant That’s Saving Norway’s Crude Production
    Bloomberg

    The Lonely Oil Giant That’s Saving Norway’s Crude Production

    (Bloomberg) -- The giant Johan Sverdrup oil field is coming to the rescue of Norway’s oil industry -- again.The improbable mega-project in the North Sea, years after the oil province’s heyday, already provided a lifeline to engineers and platform builders starved for work during a historic slump in the crude market. That was evident during a visit to the project this week as some of the more than 500 workers on the facility zip by on the scooters used to cut travel time between the four connected platforms.Now that it’s started producing, Equinor ASA’s flagship project is showing what it can do. The field is redressing production figures for the Nordic country and the state-controlled company in a year that’s been worse than expected, and will help them both increase output in the years ahead. It also temporarily masks the decline of older fields and a dwindling pipeline of Norwegian projects.Sverdrup’s earlier-than-expected start in October broke a long trend of underperformance for Norway’s overall oil production. Output lagged forecasts in 28 straight months through September, even after the industry regulator slashed its 2019 prognosis to a 31-year low.While the field is unlikely to compensate fully for unplanned outages earlier this year, it ramped up output quicker than planned to as much as 350,000 barrels a day recently, Arne Sigve Nylund, Equinor’s executive vice president for development and production in Norway said on Tuesday. Loading programs suggest production will be close to 400,000 barrels by January, not far from its first-phase maximum rate of 440,000 barrels a day expected by the summer.“The project is running well,” Nylund said aboard the massive facility on a windy day in the North Sea. The screen-filled control room is connected by fiber optics to subsea sensors almost 2 kilometers below and workers carry digital tablets to access the data they need from anywhere on the 700-meter long installation.Sverdrup has allowed Equinor to maintain a target for stable production in 2019 despite a 3% drop in the first nine months of the year, driven mostly by its Norwegian fields. It’s also given a huge boost to smaller owners Lundin Petroleum AB and Aker BP ASA.In the coming years, Sverdrup will drive output growth both for Equinor and Norway as a whole. National oil and gas production is expected to reach a peak in 2023, near the 2004 record, and Sverdrup will account for a third of Norway’s crude output at that time.The dismal performance of Norway’s oil production before Sverdrup has mainly been due to unplanned outages, which have compounded significant planned maintenance programs. The biggest impact came from Equinor’s Snorre field, according to the Norwegian Petroleum Directorate. One of the platforms on the field was shut from early March to the middle of August after a riser broke off and fell to the sea.That and other outages have raised concerns that too much maintenance was delayed during the crisis years from 2015 to 2017, when a collapse in oil prices led to huge efficiency gains but also pushed operators to keep installations running to maintain cash flow. Equinor’s Nylund rejected the notion that unplanned events in 2019 were due to a lack of maintenance. The Snorre incident was due to corrosion caused by a design fault that the company had actually monitored, he said.Yet oil companies slashed the number of man hours related to operations and maintenance on production facilities by 30% in 2015 and then a further 12% by 2017, according to figures from the Petroleum Safety Authority. The level in 2018 was close to 2015, and it’s an open question in the industry whether that is sustainable, said analyst Simon Sjothun of Rystad Energy AS. “The jury is still out,” he said.While a PSA spokesman said there’s no general concern about a maintenance backlog, some equity analysts have raised the issue of performance from Equinor’s more mature fields. “We still see weaker performance from legacy fields,” DNB ASA’s Jon Masdal said in a note on Nov. 22.The issue will become even more dire after Sverdrup’s production has peaked. Equinor has pledged to drill as many as 3,000 wells in the next two decades, but it has few big projects lined up after 2022, and certainly none the size of Sverdrup.To contact the reporter on this story: Stephen Treloar in Oslo at streloar1@bloomberg.netTo contact the editors responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net, Mikael Holter, Rakteem KatakeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Equinor Keeps Pace With Johan Sverdrup's Oil Production Goal
    Zacks

    Equinor Keeps Pace With Johan Sverdrup's Oil Production Goal

    Equinor (EQNR)-run Johan Sverdrup oil field's phase one production projection of 440,000 barrels of oil per day for summer 2020 is constant.

  • Oilprice.com

    Giant North Sea Oilfield Boosts Production To 350,000 Bpd 

    The huge Johan Sverdrup oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, two months after coming on stream according to an Equinor representative

  • Want To Retire Early? Learn the Intelligent Investing Secret - December 02, 2019
    Zacks

    Want To Retire Early? Learn the Intelligent Investing Secret - December 02, 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.

  • Rigzone.com

    Heimdal Injuries Not Life-Threatening

    Equinor has revealed that its two workers injured on the Heimdal platform recently are not in a life-threatening condition.

  • Reuters

    UPDATE 1-Equinor to drill 30-40 exploration wells and target Brazil in 2020

    Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a "hotspot" of its international efforts, the company's exploration head said on Tuesday. The company will drill about 20-30 exploration wells on the Norwegian continental shelf, focusing on the North Sea, plus wells at the Johan Castberg and Wisting discoveries in the Barents Sea, Equinor's Tim Dodson told Reuters. Recent exploration efforts in the Barents Sea, especially in its eastern part, have been disappointing, despite Norwegian authorities estimating that the area holds more than half of the country's yet-to-be-discovered resources.

  • Reuters

    Equinor to drill 30-40 exploration wells in 2020 -exploration head

    Norway's Equinor plans to drill around 30-40 oil and gas exploration wells globally in 2020, similar to 2019, with Brazil being a "hotspot" of its international efforts, the company's exploration head said on Tuesday. The company will drill about 20-30 exploration wells on the Norwegian continental shelf, focusing on the North Sea, but also plans drilling around the Johan Castberg and Wisting discoveries in the Barents Sea, Equinor's Tim Dodson told Reuters.

  • Benzinga

    14 Most Shorted European Stocks

    European stocks have severely lagged U.S. stocks over the past year. In that stretch, the iShares MSCI EMU Index (BATS: EZU ) is up just 6%, while the SPDR S&P 500 ETF Trust (NYSE: SPY ) is up 50.9%. Eurozone ...

  • The Extreme Risks of Trading Your Own Retirement Assets - November 22, 2019
    Zacks

    The Extreme Risks of Trading Your Own Retirement Assets - November 22, 2019

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

  • Reuters

    Equinor's new North Sea crude heads to Asia's top oil markets -sources

    SINGAPORE/SEOUL (Reuters) - A new North Sea crude marketed by Norway's Equinor is making inroads into Asia's top oil importers, with several cargoes set to arrive in China, India and South Korea in the coming months, refining officials and trade sources said. Buyers of Johan Sverdrup crude included South Korea's Hyundai Oilbank Corp, India's Reliance Industries Ltd and several independent refineries in China, they said.

  • Powerful Proof Anyone Can Invest for an Early Retirement - November 21, 2019
    Zacks

    Powerful Proof Anyone Can Invest for an Early Retirement - November 21, 2019

    Accomplishing the financial cushion to retire early is a fantasy for most, but bringing that fantasy to reality is not as difficult as it sounds. If you are willing to make some serious lifestyle adjustments, it can be achievable.

  • 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
    Zacks

    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
    Zacks

    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.