Waiting for Equinor’s nearly $7 billion pre-tax profit – E24

Expectations are down from the same period last year.

The case has been updated.

Analysts expect Equinor to report adjusted pre-tax profit of $6.96 billion in the second quarter, or nearly 75 billion crowns at today’s exchange rate.

It appears Fresh numbers Equinor itself collected this information from 22 analysts that follow the company.

In the same period last year, the figure was $7.5 billion.

In the first quarter, Equinor made a slight change to the way it reports its results. The company has switched from delivering “adjusted earnings” to “adjusted operating income” and no longer reports so-called adjusted Lift above and below. Lift above and below.Companies on the shelf sell their share of what the fields produce. But because oil is usually brought in by ship, sometimes there are deviations in the extraction plan, with companies regularly extracting more or less of their resources. This is called over- or under-extraction.

The oil and gas giant has achieved exceptional results in recent years, partly due to the European energy crisis that began in 2021. Adjusted quarterly results of NOK 75 billion were still significantly higher than Equinor’s performance levels in the years before the crisis.

Analysts expect adjusted after-tax results of $2 billion in the second quarter of this year.

Meanwhile, they expect Equinor’s total production in the first quarter to be 2.03 million boe/d. The company’s Norwegian liquids production is expected to be 636,000 boe/d, and Norwegian gas production is expected to be 717,000 boe/d.