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Equinor fourth quarter 2020 and year end results
Equinor reports adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income was negative USD 0.99 billion and the IFRS net income was negative USD 2.41 billion, following net impairments of USD 1.30 billion and a write down of USD 0.98 billion related to the Tanzania LNG project.
2020 was characterised by:
• Solid operational performance during extraordinary circumstances
• Positive cash flow in a low-price environment
• Delivering USD 3.7 billion in capex and cost reductions, well above ambition for the action plan to strengthen financial resilience
• Progressing and capturing value within renewables
Equinor reports adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income was negative USD 0.99 billion and the IFRS net income was negative USD 2.41 billion, following net impairments of USD 1.30 billion and a write down of USD 0.98 billion related to the Tanzania LNG project.
Equinor fourth quarter 2020 and year end results
Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income was negative USD 0.99 billion and the IFRS net income was negative USD 2.41 billion, following net impairments of USD 1.30 billion and a write down of USD 0.98 billion related to the Tanzania LNG project.
2020 was characterised by:
Solid operational performance during extraordinary circumstances
Positive cash flow in a low-price environment
Delivering USD 3.7 billion in capex and cost reductions, well above ambition for the action plan to strengthen financial resilience