Equinor benefits from high oil and gas prices

The Norwegian oil company Equinor more than doubled both revenue and profit in this year’s second quarter. The average Brent crude price increased by 65 percent during the quarter compared to last year, shows the result.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

As European consumers fret about high costs of energy, others giddily applaud such market conditions – obviously being those in the business of selling oil and gas.

Norwegian oil company Equinor is certainly no exception, with the second-quarter report showing a big advance on several posts.

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