Related Articles
Forward article link
Share PDF with colleagues

Equinor buffeted by transition winds

The re-branded Norwegian state-owned firm needs to convince that its renewables sector can one day compete with its fossil-fuel based upstream revenues

Equinor had the luxury of learning from other majors' rebranding strategies before finally making a name change from Statoil last year. But the relaunching at a later stage of the energy market's evolution has attracted investor scrutiny over the long-term economic realities of recalibrating towards renewables. As the upstream-focused firm reported quarterly and annual earnings at a capital markets day in January, its leadership said new oil and gas extraction technologies and tougher spending discipline had improved its resilience to price volatility. The share price briefly dipped, but then recovered to over NOK200 ($23.19) after it announced earnings of $4.4bn in the fourth quarter. But

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
European chemicals sector rises to climate challenge
1 December 2021
Industry responds to EU’s ‘Fit for 55’ package with new business models and alliances with other sectors, says PwC’s global head of chemicals
Energy transitions for a sustainable future
1 December 2021
The challenge of meeting global energy demand while hitting net-zero targets will be at the core of this year’s World Petroleum Congress
Indian government seeks energy investors
1 December 2021
Delhi is looking to the Mideast for energy investment, oil ministry secretary Tarun Kapoor tells Petroleum Economist
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video