Rising oil prices significantly increased Norwegian oil company Equinor’s profit

Rising oil prices significantly increased Norwegian oil company Equinor's profit

Equinor’s report states that net profit increased to $4.8 billion in the second quarter of this year, compared to $1.3 billion in the same period last year.

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“High production volumes in the second quarter allowed us to benefit from higher prices, which contributed to strong cash flow and good financial results,” said CEO Anders Opedal.

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