Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Equinor ASA
  6. News
  7. Summary
    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Equinor, TotalEnergies Transfer Stake in Venezuela's Petrocedeno Project to Petroleos de Venezuela

07/29/2021 | 04:01am EDT

By Dominic Chopping

Norwegian energy major Equinor ASA said Thursday it has completed the transfer of its 9.67% stake in the Petrocedeno project onshore Venezuela to Corporacion Venezolana del Petroleo, a subsidiary of Venezuelan state-owned oil and natural gas company Petroleos de Venezuela.

Equinor didn't disclose financial details, but said the deal supports its strategy of focusing on international core areas and prioritized geographies where it can leverage competitive advantages.

As a result of the deal, Equinor will no longer hold an interest in Petrocedeno.

French oil and gas company TotalEnergies also said it has decided to transfer its 30.32% interest in Petrocedeno to Corporacion Venezolana del Petroleo.

TotalEnergies said it has recognized a $1.38 billion exceptional capital loss as a result of the deal.

The Petrocedeno project aims to upgrade extra-heavy crude oil into lighter crude from the onshore Venezuelan Orinoco Belt area.

Petroleos de Venezuela now owns 100% of Petrocedeno.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

07-29-21 0401ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.18% 34751.32 Delayed Quote.12.97%
EQUINOR ASA -1.94% 204.9 Real-time Quote.44.15%
ISTOXX FP GR DEC 2.54 (EUR) 2.22% 38.67 Delayed Quote.0.00%
LONDON BRENT OIL -0.20% 75.43 Delayed Quote.42.98%
NORWEGIAN ENERGY COMPANY ASA 1.47% 137.6 Real-time Quote.-4.17%
S&P GSCI CRUDE OIL INDEX -0.23% 395.703 Delayed Quote.45.88%
S&P GSCI NATURAL GAS INDEX -0.65% 250.0234 Delayed Quote.110.44%
TOTALENERGIES SE 0.08% 38.72 Real-time Quote.9.69%
WTI -0.22% 72.402 Delayed Quote.46.90%
All news about EQUINOR ASA
03:29pEnergy Stocks Trading Well Above Intra-Day Lows After Late Recovery for Crude..
MT
01:21pEnergy Stocks Off Intra-Day Lows After Crude Oil Pares Morning Slide
MT
11:08aEuropean ADRs Move Lower in Thursday Trading
MT
11:03aEQUINOR : Deutsche Bank Downgrades Equinor to Hold from Buy
MT
06:32aANALYST RECOMMENDATIONS : Activision Blizzard, Beyond Meat, Britvic, Las Vegas S..
06:22aEQUINOR ASA : Notifiable trading (Form 6-K)
PU
03:52aEQUINOR : IR Gas Market Update 16 September 2021
PU
01:52aEQUINOR : Notifiable trading
PU
01:45aEQUINOR ASA : Notifiable trading
AQ
09/15Venezuela will not reform oil law this year, socialist lawmaker says
RE
More news
Analyst Recommendations on EQUINOR ASA
More recommendations
Financials (USD)
Sales 2021 73 315 M - -
Net income 2021 7 482 M - -
Net Debt 2021 7 971 M - -
P/E ratio 2021 10,4x
Yield 2021 2,80%
Capitalization 77 208 M 77 088 M -
EV / Sales 2021 1,16x
EV / Sales 2022 1,13x
Nbr of Employees 21 245
Free-Float 32,6%
Chart EQUINOR ASA
Duration : Period :
Equinor ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 23,74 $
Average target price 23,07 $
Spread / Average Target -2,85%
EPS Revisions
Managers and Directors
Anders Opedal President & Chief Executive Officer
Ulrica Fearn Chief Financial Officer & Executive Vice President
Jon Erik Reinhardsen Chairman
Carri Ann Lockhart Executive VP-Technology, Digital & Innovation
Jannicke Nilsson Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
EQUINOR ASA44.15%79 156
SAUDI ARABIAN OIL COMPANY0.43%1 873 169
PETROCHINA COMPANY LIMITED58.33%161 004
ROYAL DUTCH SHELL PLC19.32%158 684
TOTALENERGIES SE9.60%120 718
PUBLIC JOINT STOCK COMPANY GAZPROM59.58%111 784