Good results (despite the $4.1bn write down for Arctic LNG2), with the H1-22 share buyback programme increasing from $2bn to $3bn. The adjusted EBITDA was up by 22% qoq at $17.4bn, led by the Exploration & Production division (adj. EBITDA of $5bn, +43% qoq) due to higher and gas prices. With its low gearing, the company seems to be prioritizing m&a in energy transition themes (including LNG). Announcements are expected in the coming months.
28 Apr 2022
Q1: cash distribution keeps on increasing
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Q1: cash distribution keeps on increasing
Good results (despite the $4.1bn write down for Arctic LNG2), with the H1-22 share buyback programme increasing from $2bn to $3bn. The adjusted EBITDA was up by 22% qoq at $17.4bn, led by the Exploration & Production division (adj. EBITDA of $5bn, +43% qoq) due to higher and gas prices. With its low gearing, the company seems to be prioritizing m&a in energy transition themes (including LNG). Announcements are expected in the coming months.