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Equinor reported a significant increase in first-quarter profits, rising to $9.77 billion due to record production and soaring oil and gas prices amid Middle East conflicts, while maintaining a reduced share buyback and steady dividend despite expectations of windfall profits. #Energy #OilAndGas #ProfitIncrease #NO #IL #QA
www.reuters.com
Equinor first-quarter profit rises more than expected
OSLO, May 6 (Reuters) - Equinor (EQNR. OL), opens new tab on Wednesday reported a bigger-than-expected rise in first-quarter profits, lifted by record output and as oil and gas prices soared in March due to the war in the Middle East.