Equinor slashes investment, spending in $3 bln coronavirus package


Reuters | Oslo | Updated: 25-03-2020 11:43 IST | Created: 25-03-2020 11:43 IST
Equinor slashes investment, spending in $3 bln coronavirus package
  • Country:
  • Norway

Norwegian oil firm Equinor will cut investments, exploration drilling and operating costs as part of a $3 billion plan to help the company weather the coronavirus crisis, it said on Wednesday.

The measures come in addition to the suspension earlier this week of the company's $5 billion four-year share buyback programme, it added.

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