Equinor’s Third-Quarter Profit Beats Expectations as Oil and Gas Prices Rise

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Equinor’s Third-Quarter Profit Beats Expectations as Oil and Gas Prices Rise
Photo: Hakon Mosvold Larsen NTB/AP/TT

Equinor - Europe's largest gas supplier - like many other energy groups, has seen its profitability improve as a result of higher global prices for crude oil, fossil gas and fuel following major supply disruptions in oil-producing countries around the Persian Gulf.

Production volume in the third quarter was stable at almost 2.2 million barrels of oil equivalent per day. However, Equinor has raised its forecast for production growth this year to 4 percent, up from 3 percent.

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TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

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