Equinor Q4 profit beats forecast amid oilfield startup
- Country:
- Norway
Norway's Equinor reported a smaller-than-expected drop in fourth-quarter profits on Thursday as the startup of a major new oilfield partly mitigated the impact from weak European gas markets.
The Oslo-listed company's adjusted earnings before interest and tax (EBIT) fell to $3.55 billion in the fourth quarter from $4.39 billion in the same period of 2018. A poll of 25 analysts compiled by Equinor had forecast adjusted EBIT of $3.37 billion.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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