Equinor doubles deficit

With massive asset impairments, the Norwegian oil company drills itself deeper into a hole. Forward-looking uncertainty is significant, says departing CEO.

Photo: Alastair Grant/AP/Ritzau Scanpix

Oil market analysts have long wondered about Equinor's prolonged stance on maintaining a higher valuation on its commodities based on higher price projections relative to rivals.

That's no longer an option. In connection with the presentation of the group's third quarter interim report, Equinor books impairments worth USD 2.93 billion, which obviously weighs heavily on the quarter's resutls.

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