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Equinor doubles deficit following billion-dollar impairment

Norwegian oil company Equinor books impairments totaling billions of dollars in the third quarter, which contributes to a doubling of the group's deficit. Looking ahead, uncertainty is considerable, says departing chief executive.

Photo: Alastair Grant/AP/Ritzau Scanpix

Oil market analysts have long wondered about Equinor's prolonged stance on maintaining a higher valuation on its commodities based on higher price projections relative to rivals.

That's no longer an option. In connection with the presentation of the group's third quarter interim report, Equinor books impairments worth USD 2.93 billion, which obviously weighs heavily on the quarter's resutls.

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