Equinor Beats Profit Estimates, Boosts Shareholder Payout
- Realized gas prices 60% higher compared with previous quarter
- Extraordinary dividend increased to 70 cents a share
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Equinor SA’s third-quarter profit beat analyst estimates, prompting Norway’s biggest oil and gas producer to boost its extraordinary dividend.
The company followed on the heels of European peers including Shell Plc and TotalEnergies SE, which continued a run of historically high earnings and rising shareholder payouts. The performance is keeping the oil industry in the cross-hairs of governments that are grappling with the high cost of energy and considering further market interventions.