Equinor Boosts Dividends And Buybacks After Tripling Q2 Earnings ...Middle East

Economy by : (OILPRICE) -
Equinor (NYSE: EQNR) more than doubled its extraordinary cash dividend and increased its share repurchase program by $1 billion after reporting on Wednesday more than tripled adjusted earnings after tax for the second quarter amid soaring oil and gas prices. Analysts have been anticipating robust Q2 earnings from the international oil and gas majors as fuel prices surged, refining margins soared to multi-year highs, and natural gas prices hit records after the Russian invasion of Ukraine.   Opening the earnings season of the European majors,…

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