Analyst Note| Allen Good, CFA |
Equinor’s third-quarter results showed marked improvements in all segments, except for renewables. A surge in oil and gas prices lifted earnings and strengthened cash flow generation. For the quarter, adjusted after-tax earnings were $2.8 billion compared with $271 million the year before. The strong results prompted an increase in its next tranche of repurchases to $1 billion from $300 million.