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02-09-2022 11:33 AM | Source: Reuters
Equinor posts record Q4, hikes dividend and share buybacks
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OSLO - Norway's Equinor posted record pretax profits for the fourth quarter on Wednesday, driven by a boom in oil and gas prices and said it will raise its dividend and increase share buybacks.
Adjusted earnings before tax rose to $15.0 billion in the October-December quarter from $756 million in the same period a year ago, exceeding the $13.2 billion predicted in a poll of 23 analysts compiled by Equinor.
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