Equinor’s adjusted first-quarter results exceeded market expectations as each segment performed better than forecast, powered by higher commodity prices, product margins, and trading results. Production reached record levels, growing 9% from the year before.
Equinor is exerting capital discipline by reducing investment in lower-return renewable and low-carbon projects and instead focusing on oil and gas, which should boost returns.
Equinor's investments in renewables might not generate the returns its oil and gas investments historically have, resulting in a dilution of returns, if not impairments.
|
Metric
|
EQNR
|
TTE
|
BP
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.06 | 11.50 | 11.96 |
Price/Book Value | 2.10 | 1.52 | 1.98 |
Price/Sales | 0.90 | 1.06 | 0.58 |
Price/Cash Flow | 5.46 | 6.56 | 3.25 |
|
Metric
|
EQNR
|
TTE
|
BP
|
|---|---|---|---|
Quick Ratio | 1.03 | 0.51 | 0.69 |
Current Ratio | 1.24 | 1.08 | 1.22 |
Interest Coverage | 27.46 | 10.32 | 3.09 |
|
Metric
|
EQNR
|
TTE
|
BP
|
|---|---|---|---|
Return on Assets (Normalized) | 6.08% | 5.67% | 4.70% |
Return on Equity (Normalized) | 19.63% | 14.29% | 23.57% |
Return on Invested Capital (Normalized) | 11.10% | 9.76% | 10.60% |
|
1-Day Chart
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Price
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Morningstar Rating for Stocks
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United States