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

EQUINOR ASA

(EQNR)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 09/24 10:20:00 am
138.775 NOK   -1.23%
07:32aContract extensions with key clients in Norway
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07:30aContract extensions with key clients in Norway
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09/23Norway oil workers threaten strike, including at leading Sverdrup field
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BP Enters Offshore Wind Market Through New US Partnership With Equinor

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09/10/2020 | 02:32am EDT

By Jaime Llinares Taboada

 

BP PLC said Thursday that it has agreed a partnership with Equinor ASA to develop offshore wind projects in the U.S.

The FTSE 100 oil giant said this will be its first offshore wind venture. Both companies will jointly develop four assets in two existing offshore wind leases in New York and Massachusetts.

In addition, BP will buy a 50% interest in the Empire Wind and Beacon Wind projects from Equinor for $1.1 billion. Equinor will remain the operator of the projects.

"This is an important early step in the delivery of our new strategy and our pivot to truly becoming an integrated energy company," BP's chief executive Bernard Looney said.

BP this summer pledged to develop 50 gigawatts of renewable power by 2030 and to ten-fold low carbon investment to around $5 billion a year.

The deal, which is expected to close in early 2021, "will leverage BP's trading expertise and onshore wind experience with Equinor's sector-leading track record in offshore wind", the company's vice president for gas and low carbon energy, Dev Sanyal, said.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -2.84% 232.4 Delayed Quote.-49.28%
EQUINOR ASA -1.71% 138.1 Delayed Quote.-19.80%
WTI -0.10% 40.221 Delayed Quote.-35.93%
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All news about EQUINOR ASA
07:32aContract extensions with key clients in Norway
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07:30aContract extensions with key clients in Norway
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09/23Norway oil workers threaten strike, including at leading Sverdrup field
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Financials (USD)
Sales 2020 42 662 M - -
Net income 2020 -356 M - -
Net Debt 2020 19 262 M - -
P/E ratio 2020 -145x
Yield 2020 3,92%
Capitalization 47 390 M 47 008 M -
EV / Sales 2020 1,56x
EV / Sales 2021 1,25x
Nbr of Employees 21 412
Free-Float 30,3%
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Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 17,01 $
Last Close Price 14,55 $
Spread / Highest target 55,5%
Spread / Average Target 16,9%
Spread / Lowest Target -19,2%
EPS Revisions
Managers
NameTitle
Eldar Sśtre 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-19.80%48 518
SAUDI ARABIAN OIL COMPANY4.11%1 953 261
PETROCHINA COMPANY LIMITED-40.15%104 289
ROYAL DUTCH SHELL PLC-56.45%101 185
TOTAL SE-39.63%91 206
GAZPROM-30.59%54 687