Equinor Reports $11.5 Billion Profits, Boosting Norway's Economy
Norway’s state-owned oil company, Equinor (EQNR), reported a significant increase in profits to $11.5 billion for the quarter due to higher global energy prices driven by geopolitical tensions. The surge contrasts with UK North Sea operations where foreign firms retain most of their earnings.
Tickers: $EQNR
Topics: energy market Equinor North Sea oil Norway profits