Reuters
Equinor trims cash payouts, share price drops 7%
Equinor said on Wednesday it would cut its overall cash returns to shareholders this year by $3 billion, sending its shares down 7% even after it posted a slightly smaller-than-expected drop in operating profit for the final quarter of 2023. By contrast, rivals including BP, Chevron and Shell have announced plans to increase dividends or share buybacks after reporting fourth-quarter profits that beat forecasts. The Norwegian oil and gas producer's adjusted earnings before tax for October-December fell to $8.68 billion from $17.0 billion a year earlier amid lower energy prices, but beat the $8.46 billion seen in a poll of 26 analysts compiled by Equinor.
Yahoo Finance UK
US stocks mixed as FTSE and European stocks fall ahead of US GDP update
A look at how the major markets are performing on Wednesday.
Reuters
Equinor 'more optimistic' of building Canada offshore oil project
The head of Canadian operations for oil producer Equinor said on Tuesday he is more optimistic the Norwegian company will proceed with its Bay du Nord offshore project, four months after delaying the project for up to three years due to soaring costs. "That's our sentiment now, we really want to make this happen," Tore Løseth, Equinor's Canada country head, said in an interview at the World Petroleum Congress in Calgary. Bay du Nord, far off the Atlantic coast of Newfoundland and Labrador, would be one of Canada's biggest oil projects in years.

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Equinor ASA (DNQ.HA)