Equinor Profit Drops 19 Percent Amid Lower Oil Prices and Production Issues

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Equinor Profit Drops 19 Percent Amid Lower Oil Prices and Production Issues
Photo: Ole Berg-Rusten NTB/TT

The adjusted operating result fell to 1.74 billion dollars, down from 2.15 billion a year earlier. The decline was unexpectedly large. Analysts had on average counted on 1.80 billion, according to Bloomberg.

The result is also weighed down by a write-down of 955 million dollars of a wind power project in the state of New York, USA – which was first stopped, but then got the go-ahead again, by the Trump administration.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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