(RTTNews) – Norwegian petroleum refining agency Equinor ASA (EQNR) reported Thursday that its third-quarter internet revenue fell 9 % to $2.29 billion from final 12 months’s $2.50 billion.
Primary earnings per share have been $0.83, down 2 % from $0.84 a 12 months in the past.
Adjusted internet revenue was $2.19 billion or $0.79 per share, in comparison with $2.91 billion or $0.98 per share a 12 months in the past.
Whole revenues and different revenue for the quarter declined 2 % to $25.45 billion from final 12 months’s $26.02 billion.
Equinor delivered a complete fairness manufacturing of 1,984 mboe per day within the third quarter, down from 2,007 mboe in the identical quarter final 12 months.
Trying forward for fiscal 2024, the corporate tasks Oil & gasoline manufacturing to be steady in comparison with the 2023 stage.
Additional, the corporate stated its board of administrators has determined an bizarre money dividend of $0.35 per share and a unprecedented money dividend of $0.35 per share for the third quarter of 2024. That is in step with communication on the capital markets replace in February.
As well as, the Board has determined to provoke a fourth and remaining tranche of share buy-back for 2024 of as much as $1.6 billion.
The fourth tranche will start on October 25 and finish no later than January 31, 2025. The fourth tranche will full the introduced share buy-back programme of as much as $6 billion for 2024.
It’s going to additionally conclude whole capital distribution for 2024 of round $14 billion.
For extra earnings information, earnings calendar, and earnings for shares, go to rttnews.com.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
