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 t
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
