Equinor’s adjusted third-quarter results largely met market expectations, though the bottom line fell short because of higher taxes. Still, overall results remained strong thanks to high commodity prices and refining margins. Production guidance was increased, but other items were unchanged.
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
|
CVX
|
BP
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.82 | 21.73 | 11.37 |
Price/Book Value | 2.46 | 2.36 | 2.09 |
Price/Sales | 0.94 | 2.07 | 0.56 |
Price/Cash Flow | 4.51 | 8.86 | 2.86 |
|
Metric
|
EQNR
|
CVX
|
BP
|
|---|---|---|---|
Quick Ratio | 1.02 | 0.84 | 0.80 |
Current Ratio | 1.18 | 1.25 | 1.29 |
Interest Coverage | 38.75 | 22.46 | 5.34 |
|
Metric
|
EQNR
|
CVX
|
BP
|
|---|---|---|---|
Return on Assets (Normalized) | 8.48% | 6.86% | 6.49% |
Return on Equity (Normalized) | 27.81% | 11.95% | 32.88% |
Return on Invested Capital (Normalized) | 16.00% | 10.05% | 14.61% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States