Equinor expects long-term consequences from coronavirus

Coronavirus combined with the big slide in the oil price will hit the Norwegian oil major for a long time to come, says CEO Eldar Sætre.

Equinor expects to be hit by the consequences of the coronavirus and a large dive in the oil price "for a lang time," says CEO Eldar Sætre. | Photo: Ntb Scanpix/Reuters/Ritzau Scanpix

Oil company Equinor is preparing to feel the consequences of the coronavirus and the oil drop for a long time to come, according to its annual report, published Friday.

The report comes after the coronavirus and an oil price war between Saudi Arabia and Russia have put the oil industry under severe pressure in recent weeks.

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