The marketing division stepped up this quarter and created the surprise. Make no mistake though, Equinor’s exposure is predominantly in upstream. As proof, the $2.2bn impairment charge was taken this quarter as the group decided to take a more cautious view on US gas prices. To navigate through these volatile times, focusing on low-cost assets is paramount, on which Johan Sverdrup is the latest addition.
24 Oct 2019
Q3: Marketing partly offsets the lower prices
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Q3: Marketing partly offsets the lower prices
The marketing division stepped up this quarter and created the surprise. Make no mistake though, Equinor’s exposure is predominantly in upstream. As proof, the $2.2bn impairment charge was taken this quarter as the group decided to take a more cautious view on US gas prices. To navigate through these volatile times, focusing on low-cost assets is paramount, on which Johan Sverdrup is the latest addition.