The FX PostThe FX Post
    What's Hot

    Litecoin and USDC Mining: Earn Crypto Smarter with BSTR Miner

    August 7, 2025

    ROYAL STARS | GEORGIA NICOLS

    August 6, 2025

    Traders Burned by August Meltdown Keep Betting on Japan Stocks

    August 5, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Equinor Posts $1-B Impairment Amid Russian Exit
    Indices News

    Equinor Posts $1-B Impairment Amid Russian Exit

    May 4, 20222 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Norwegian petroleum refining firm Equinor recorded over $1-billion worth of impairments due to its exit from Russia following its invasion of Ukraine.

     

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    • Equinor reported $1.08 billion in impairment, after the company stopped new investments into Russia. It started exiting Russian joint ventures in the first quarter, impacting employees and driving impairments in the country.

     

    • Revenue for the quarter was recorded at $36 billion, reflecting more than double the $16.1 billion recorded in the same quarter in 2021. It will also start the second tranche of its share repurchase program this month at around $1.33 billion.

     

    • Chief Executive Anders Opedal said the firm is focused on securing safe and reliable deliveries, with the optimized gas production delivering higher volumes. Capital discipline also drove earnings higher.

     

    • Equinor’s total equity production stood at 2,106 million barrels of oil equivalent (mboe) per day in the first quarter, reflecting a slight decline from the 2,168 mboe recorded in the first quarter of 2021.

     

    The renewable segment recorded 511-gigawatt hours (GWh) during the quarter, higher than the 451 GWh in the comparable period last year.

    EQNR is up 3.03%, XLE is up 1.11%, and USO is up 3.03%.

    Source: Energy Voice

     

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Equinor Oil Russia Russia invasion of Ukraine Ukraine
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Murphy Oil’s Q4 Earnings Decline, Increases Dividend, and Forecasts Future Production

    January 25, 2024

    U.S. Strategic Petroleum Reserve Sees Significant Increase

    September 5, 2023

    Market Update: Retailers and Consumer Companies on the Rise

    August 19, 2023
    9.2

    System Levels Review

    May 26, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    7  +  2  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Litecoin and USDC Mining: Earn Crypto Smarter with BSTR Miner
    • ROYAL STARS | GEORGIA NICOLS
    • Traders Burned by August Meltdown Keep Betting on Japan Stocks
    • SEC Rule Change Could Reduce Bitcoin Volatility, Boost Institutional Demand – TokenPost
    • Will PENGU reach $1? – AMBCrypto
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.