Equinor Reports 32% Drop in Q4 Profits Amid Falling Oil Prices

Equinor, the Norwegian energy giant, announced a 32% decline in its fourth-quarter profits due to falling oil prices. According to Jin10, this makes Equinor the first major European energy company to release its quarterly earnings, potentially setting the tone for the upcoming earnings season. The drop in oil prices occurred amid ample supply, impacting the company's adjusted post-tax operating profit, which fell from $2. 29 billion in the same period last year to $1 source: https://www.binance.com/en/square/post/35990466966922?utm_source=BinanceNewsRSS