Equinor Q2 profit jumps
Norway’s Equinor reported a sharp rise in second-quarter profits as the price of oil and gas rose; however, the company's earnings fell short of what was expected.
The company reported earnings of US $4.64 billion and US $1.58 billion after tax in the second quarter of 2021. They said that their adjusted earnings were USD 1.58 billion, up from USD 0.65 billion in the same period last year.
"Strict capital discipline and a net cash flow of more than USD 4.5 billion, reduce our net debt ratio to 16.4 percent and make us robust for volatility in commodity prices going forward,” says Anders Opedal, President and CEO of Equinor ASA.
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