As expected, earnings continue to be exceptional, on the back of the gas crisis. Q3 will be excellent too with Nord Stream 1 flow declining by the hour. The net cash position has improved by $3.6bn and Equinor increased its extraordinary dividend for Q2 and Q3 (for an additional $1.9bn), while the buyback programme has been upped from $5bn to $6bn. The only issue is the lack of transparency around flexible distribution and this release did not help further in this regard.
27 Jul 2022
Q2: First semester higher than FY21
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Q2: First semester higher than FY21
- Published:
27 Jul 2022 -
Author:
Kevin VO | Elif Binici -
Pages:
2
As expected, earnings continue to be exceptional, on the back of the gas crisis. Q3 will be excellent too with Nord Stream 1 flow declining by the hour. The net cash position has improved by $3.6bn and Equinor increased its extraordinary dividend for Q2 and Q3 (for an additional $1.9bn), while the buyback programme has been upped from $5bn to $6bn. The only issue is the lack of transparency around flexible distribution and this release did not help further in this regard.