Equinor finishes 2020 with fourth quarter deficit of USD 500 million

Norwegian energy major Equinor was hit by the low oil price in 2020, as both the revenue and result took a big dive. The company projects moderate growth in 2021, though the coronavirus is a joker.

Photo: Bo B Randulff - Even Kleppa / Equinor ASA

Equinor's revenue dropped considerably in 2020, which also became an unusual and challenging year for the major Norwegian energy company, according to the annual report, published Wednesday.

For the full year, Equinor's revenue came to USD 46 billion, down from USD 63 billion the year before. Profit for the year also decreased, from USD 5 billion in 2019 to USD 900 million for 2020.

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