Lundin delivers solid growth amidst major crisis

The Swedish oil company defies some of the lowest oil prices to date and practically doubles its post-tax result in Q2.
Photo: Lundin
Photo: Lundin

"The resilience Lundin Energy has shown in the face of the sharpest downturn in the history of the oil industry is a testament to the quality of the asset base, flexibility of our financial resources and operational excellence of the business and our people," writes Lundin President and Chief Executive, Alex Schneiter, in the group's H1 interim report Wednesday, showing a surprisingly lucrative result for the second quarter.

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