Date: 5 months ago   Category: Energy

Equinor has received in the III quarter $1,7 billion net profit against a loss the previous year — Rambler News Service


The net profit of the Norwegian oil and gas company Equinor (earlier – Statoil) has made in the III quarter 2018 $1,665 billion in comparison with net loss of $480 million for the same period of last year, follows from the report of the company. In January-September, 2018 the company has got net profit of $4,169 billion that is 6,9% more, than in nine months of last year. The revenue of the company for the III has made quarter $18,989 billion that is 40,3% more, than for the same period of 2017. Revenue in nine months has increased for 29,6% — up to $56,834 billion. Operating expenses in the III quarter have increased by 13,7%, to $2,306 billion, in January-September — for 8,1%, to $7,018 billion. Profit before the taxation in the III quarter has made $4,249 million that is 4,5 times more, than for the same period of last year. In nine months profit before the taxation has grown by 48,7% and has made $12,307 billion. Production of Equinor in the III quarter has made 2,066 million barrels of an oil equivalent a day that is 1% more, than in the III quarter of last year. Including extraction of liquid hydrocarbons has increased for 0,1%, up to 1,133 million barrels a day, gas production has increased by 2,2%, to 933 million barrels of an oil equivalent a day. Average daily extraction of hydrocarbons in nine months has made 2,091 million barrels of an oil equivalent that is 1,4% more than an indicator of January-September, 2017. At the same time extraction of liquid hydrocarbons has decreased by 1,8%, up to 1,126 million barrels a day, gas production has increased by 5,4%, to 965 million barrels of an oil equivalent a day.

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