Equinor Earnings: Holds Steady With No Change to Payout Plans
Equinor's second-quarter adjusted earnings decreased modestly to $7.5 billion before tax and $2.4 billion after tax, compared with $7.8 billion and $2.7 billion last year, respectively, as higher expenses and lower gas prices offset higher oil price realizations. Operating cash flow, excluding working capital and taxes, was $9.7 billion during the quarter, compared with $10.5 billion in 2023. Capital expenditure, which totaled $2.9 billion in the quarter, is still expected to be $13 billion for the full year.