Equinor valued at more than USD 78bn

Rising oil prices has sent up the market value of Norwegian energy company Equinor. The energy company is now estimated at USD 78bn.

Photo: Equinor ASA

Tuesday, a barrel of North Sea oil was traded for more than USD 80 for the first time since October 2018, pushing up the market value of Norwegian oil major Equinor to NOK 700bn (USD 78bn), writes Norwegian media Dagens Næringsliv.

Since Tuesday, the oil price has dropped slightly, landing at around USD 77 on Wednesday for a barrel of North Sea oil and just under USD 74 for a barrel of US oil.

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