Equinor valued at more than USD 78 billion

Rising oil prices has sent up the market value of Norwegian energy company Equinor. The energy company is now estimated at USD 78 billion.

Photo: Equinor ASA

Tuesday, a barrel of North Sea oil was traded for more than USD 80 for the first time since October 2018, pushing up the market value of Norwegian oil major Equinor to NOK 700 billion (USD 78 billion), writes Norwegian media Dagens Næringsliv.

Since Tuesday, the oil price has dropped slightly, landing at around USD 77 on Wednesday for a barrel of North Sea oil and just under USD 74 for a barrel of US oil.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs