MARKETS

Equinor profit down 90%

NORWAY’S Equinor has recorded an 89% drop in profit for the second quarter but still beat some analyst forecasts which predicted losses of $200 million.

Helen Clark

The huge Johan Sverdrup oil field

Earnings were US$350 million for the three months, down from $3.15 billion in the same period in 2019. However it has maintained its dividend of 9c per share quarter-on-quarter, but this is a third...

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