Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Equinor ASA    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 06/04 03:58:41 am
146.45 NOK   -1.91%
03:26aNorway oil firms slash investment plans amid pandemic
RE
06/03BP cuts Gulf of Mexico output, evacuates workers as storm approaches
RE
06/02EQUINOR ASA : - Notifiable trading
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

Norway oil firms slash investment plans amid pandemic

share with twitter share with LinkedIn share with facebook
share via e-mail
06/04/2020 | 03:26am EDT
FILE PHOTO: A general view of the Equinor's Johan Sverdrup oilfield platforms in the North Sea

Norwegian oil and gas investment, a key economic driver, is expected to decline sharply in 2021 after rising less than previously anticipated this year, an industry survey by the national statistics agency (SSB) showed on Thursday.

The biggest drop will come in the exploration for new reserves and in spending on development plans, while ongoing oilfield construction work continues largely as expected, the data showed.

The closely watched forecasts, based on data from oil companies, show 2020 investment plans have been cut to 180.3 billion Norwegian crowns ($19 billion) from 185.4 billion seen in February, but still up from 177.5 billion in 2019.

Next year, investment in Norway's oil sector is now projected at 145.6 billion crowns, compared with a forecast of 152 billion three months ago, SSB said.

The price of North Sea oil hit two-decade lows in April as coronavirus lockdowns and travel restrictions sharply reduced demand for fossil fuels, but have since recovered some losses as major producing nations agreed to cut their output. [O/R]

Oil companies, including Norway's state-controlled Equinor, have said they intend to reduce both operating and capital spending in order to preserve cash during the downturn.

A planned tax cut currently making its way through parliament could lead companies to sanction more projects however, including the NOAKA, Eldfisk North, Grevling and Lavrans oilfield developments, the statistics agency added.

"Therefore, it is not unlikely that the decline for 2021 will be less severe than what is indicated in this survey," SSB said.

Norway's central bank recently cut its key policy interest rate to zero percent for the first time, citing the twin impacts of the COVID-19 pandemic and weak oil prices.

"There are no doubts that real petroleum investments are headed for a significant decline during 2020-21, something which will weigh on the recovery of the overall economy," brokers Handelsbanken Capital Markets wrote in a note to clients.

(Reporting by Nerijus Adomaitis, editing by Terje Solsvik and Emelia Sithole-Matarise)

Stocks mentioned in the article
ChangeLast1st jan.
AKER BP ASA -3.05% 168.55 Delayed Quote.-39.57%
AKER SOLUTIONS -2.09% 7.455 Delayed Quote.-69.09%
DNO ASA -2.39% 5.746 Delayed Quote.-49.27%
ENI SPA -1.03% 8.9 Delayed Quote.-35.01%
EQUINOR ASA -1.67% 146.75 Delayed Quote.-14.93%
LONDON BRENT OIL -1.46% 39.12 Delayed Quote.-41.61%
LUNDIN ENERGY AB -2.44% 239.4 Delayed Quote.-22.84%
PGS ASA 1.41% 3.75 Delayed Quote.-78.50%
SUBSEA 7 S.A. -0.58% 64.32 Delayed Quote.-38.08%
SVENSKA HANDELSBANKEN AB -1.37% 92.32 Delayed Quote.-7.20%
TGS-NOPEC GEOPHYSICAL COMPANY -5.01% 146.45 Delayed Quote.-42.10%
TOTAL S.A. -0.56% 36.225 Real-time Quote.-25.97%
WTI -1.31% 36.506 Delayed Quote.-42.24%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on EQUINOR ASA
03:26aNorway oil firms slash investment plans amid pandemic
RE
06/03BP cuts Gulf of Mexico output, evacuates workers as storm approaches
RE
06/02EQUINOR ASA : - Notifiable trading
AQ
06/02EQUINOR ASA : - Recommendation from Equinor's nomination committee
AQ
06/02EQUINOR ASA : Notifiable trading
AQ
05/28FY19 : revenues decline, positive environment in renewables (Dietswell)
AL
05/28EQUINOR : Melkoeya LNG plant expected to restart on June 18
RE
05/27AXXIS GEO : AGS announces first quarter 2020 results
AQ
05/26EXCLUSIVE : Coronavirus spreads in Brazil's oilfields, as 6 offshore operators r..
RE
05/26AKER : Launch of Sweden's largest carbon capture and storage plant
AQ
More news
Financials (USD)
Sales 2020 46 485 M - -
Net income 2020 -851 M - -
Net Debt 2020 19 489 M - -
P/E ratio 2020 -59,7x
Yield 2020 3,83%
Capitalization 52 105 M 52 058 M -
EV / Sales 2019
EV / Sales 2020 1,54x
Nbr of Employees 21 412
Free-Float 32,4%
Chart EQUINOR ASA
Duration : Period :
Equinor ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 15,30 $
Last Close Price 15,80 $
Spread / Highest target 49,1%
Spread / Average Target -3,14%
Spread / Lowest Target -35,7%
EPS Revisions
Managers
NameTitle
Eldar Sætre President & Chief Executive Officer
Jon Erik Reinhardsen Chairman
Jannicke Nilsson Chief Operating Officer
Lars Christian Bacher Chief Financial Officer & Executive Vice President
Anders Opedal Executive VP-Technology, Projects & Drilling
Sector and Competitors
1st jan.Capitalization (M$)
EQUINOR ASA-14.93%52 058
SAUDI ARABIAN OIL COMPANY-7.09%1 752 283
ROYAL DUTCH SHELL PLC-39.53%128 823
PETROCHINA COMPANY LIMITED-29.16%105 598
TOTAL S.A.-25.97%102 309
GAZPROM-18.88%69 253