EnergyWatch

Equinor presents biggest profit in four years

In part due to recent years' cost-cutting efforts, the company formerly known as Statoil has doubled its result. The cost focus will continue, says the CEO, who has reduced this year's expected capital expenditure by billions.

Photo: Foto: Harald Petersen/Equinor

Norwegian oil company Equinor is making headway.

In this year's third quarter, the company formerly known as Statoil has increased its adjusted pre-tax result to USD 4,843 from USD 2,346 in the same period last year. This is the best result since the third quarter of 2014, shows the company's interim report, which was presented Thursday morning.

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