Proving that higher oil prices do not necessarily mean higher costs, Equinor has reported a 20% increase (vs Q2 18) in the net operating income. This is impressive as it came with similar production levels and realised prices. Essentially, Equinor extracts a higher value on each barrel by keeping its costs under tight control.
25 Oct 2018
Q3: cost control brings strong cash flows
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Q3: cost control brings strong cash flows
Proving that higher oil prices do not necessarily mean higher costs, Equinor has reported a 20% increase (vs Q2 18) in the net operating income. This is impressive as it came with similar production levels and realised prices. Essentially, Equinor extracts a higher value on each barrel by keeping its costs under tight control.