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Equinor ASA

Equinor ASA

$EQNR
NYSEEnergy

229 stories mentioning Equinor ASAUpdated 2d ago

The Norwegian energy major traded among European ADRs amid sector swings as oil prices moved on US-Iran ceasefire developments.

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Commodities

Equinor Extends Drilling, Well Service Contracts on Maturing Norwegian Continental Shelf

Norwegian oil company Equinor (EQNR) has extended supplier agreements for drilling and well services totaling around 17 billion Norwegian krone ($1.84 billion), it said on Monday, contracts the company says will help maintain output from the Norwegian continental shelf.The company said it was exercising one-year options under the three contracts and two-year options under 18 corporate framework agreements for specialist services linked to these deals.The latter specialist services are worth about 4.3 billion krone over two years and the drilling and well service agreements about 8.3 billion.The contracts were awarded to Baker Hughes Norge, Halliburton and SLB Norge while these companies plus another 15 suppliers have been awarded the agreements for specialist service provision.Equinor said the services these companies provide are of growing importance given the maturity of the shelf, meaning more work is required there to sustain production levels.The company aims to be approach 2035 with output of around 1.2 million barrels a day and it estimates about 70% of this will come from new wells by then, it said.

$EQNR
Equities

Equinor Extending Supplier Deals for Drilling, Well Services

Equinor (EQNR) is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion), the company said Monday.It is exercising one-year options under three contracts for integrated drilling and well services, as well as two-year options under 18 company framework agreements for relevant specialist services.The company said the drilling and well services deals are valued at 8.3 billion kroner and were awarded to Baker Hughes (BKR), Halliburton (HAL) and SLB (SLB).The corporate framework agreements are pegged at 4.3 billion kroner per annum over two years, according to Equinor.The company's shares were up 1.5% in premarket activity.

$BKR$EQNR$HAL$SLB
Asia Markets

European Equities Traded in the US as American Depositary Receipts Flat in Friday Trading; Gain 1.3% for Week

European equities traded in the US as American depositary receipts were trending marginally higher late Friday morning, rising 0.05% to 1,824.45 on the S&P Europe Select ADR Index, which is up 1.25% for the week so far.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and pharmaceutical company Novo Nordisk (NVO), which climbed 6.3% and 3.6% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and consumer goods company Unilever (UL), which advanced 3.3% and 3% respectively.The decliners from continental Europe were led by biotech firm BioNTech (BNTX) and furniture maker Natuzzi (NTZ), which dropped 6% and 3.5% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and petroleum refiner Equinor (EQNR), which lost 3.3% and 2.4% respectively.The gainers from the UK were led by educational publisher Pearson (PSO) and biopharmaceutical company Akari Therapeutics (AKTX), which rose 3.2% and 2.8% respectively. They were followed by biopharmaceutical company Bicycle Therapeutics (BCYC) and cruise line operator Carnival (CUK), which were up 2.7% and 2.5% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Amarin (AMRN) and oil and gas company BP (BP), which fell 2.8% and 1.9% respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and oil and gas company Shell (SHEL), which were down 1.4% and 1.2% respectively.

$AKTX$AMRN$BCYC$BDRX$BNTX$BP$CLLS$CUK$DBVT$EQNR$NOK$NTZ$NVO$PSO$SHEL$UL
Commodities

Equinor Awards Engineering Contract for Bay du Nord Offshore Project in Canada to Subsea Integration Alliance

Equinor (EQNR) has awarded a front-end engineering design contact to the Subsea Integration Alliance for development work at the Bay du Nord offshore Canada, Subsea said in a post on Linkedin on Wednesday.It said the development is one of the most significant deepwater projects ever proposed for Newfoundland and Labrador and the choice of Subsea Integration Alliance reflected the strength of its long-term collaboration with Equinor, established in 2024.Prior collaboration on the project has now simplified the development approach and enabled the establishment of a strong technical and commercial foundation for the so-called front-end engineering design or FEED contract, the company said.The company said there was strong regional expertise available for the project which is now moving into a detailed engineering phase that will precede a final investment decision."Bay du Nord is a hugely exciting step forward and a clear example of a new way of working. Entering FEED reflects the value that can be created through close collaboration," saidCEO Mads Hjelmeland.

$EQNR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Lower in Wednesday Trading

European equities traded in the US as American depositary receipts were lower late Wednesday morning, declining 0.45% to 1,779.46 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by telecommunications firm Nokia (NOK) and medical device maker EDAP (EDAP), which rose 6.1% and 3.8% respectively. They were followed by petroleum refiner Equinor (EQNR) and Banco Santander (SAN), which were up 2.7% and 1% respectively.The decliners from continental Europe were led by biopharmaceutical company Cellectis (CLLS) and healthcare tech firm Royal Philips (PHG), which fell 6.1% and 5.6% respectively. They were followed by internet browser company Opera (OPRA) and semiconductor company Sequans Communications (SQNS), which lost 3.2% and 3.1% respectively.The gainers from the UK were led by communications company WPP (WPP) and software firm Endava (DAVA), which advanced 2.7% and 1.2% respectively. They were followed by oil and gas company Shell (SHEL) and educational publisher Pearson (PSO), which increased 1% and 0.7% respectively.The decliners from the UK and Ireland were led by Akari Therapeutics (AKTX) and pharmaceutical company GSK (GSK), which fell 8% and 7% respectively. They were followed by Silence Therapeutics (SLN) and Mereo BioPharma Group (MREO), which were down 5.8% and 5.5% respectively.

$AKTX$CLLS$DAVA$EDAP$EQNR$GSK$MREO$NOK$OPRA$PHG$PSO$SAN$SHEL$SLN$SQNS$WPP
Sectors

Sector Update: Energy Stocks Higher Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 1.8%.The Philadelphia Oil Service Sector Index was increasing 0.2%, and the Dow Jones US Utilities Index was shedding 0.2%.In sector news, the United Arab Emirates will leave the Organization of the Petroleum Exporting Countries and its more expanded version, OPEC+, effective May 1, the Emirates News Agency reported.This comes as Iran's latest proposal to end the war in the Middle East has still not won President Donald Trump's backing, leaving the deadly conflict in a continuing state of deadlock, Reuters reported Tuesday, citing an unnamed US official.Front-month West Texas Intermediate crude oil gained 3.7% to $99.90 a barrel, and the global benchmark Brent crude contract rose 2.7% to $111.17 a barrel. Henry Hub natural gas futures increased 0.4% to $2.56 per 1 million BTU.In corporate news, Chevron (CVX) signed a memorandum of understanding with Libya's National Oil Corporation, or NOC, to conduct a joint study evaluating the potential of unconventional shale oil and gas resources in sedimentary basins across the country, NOC said Tuesday. Separately, Chevron is in advanced talks to sell a portfolio of Asian assets to Eneos in a deal that could be valued at more than $2 billion, Bloomberg reported. Chevron shares climbed 1.9%.Equinor (EQNR) shares rose 1.1% after Morgan Stanley upgraded the stock to equal weight from underweight and raised its price target to $40.40 from $22.80.NextEra Energy (NEE) shares gained 1.5% after it said the US Nuclear Regulatory Commission approved operating license renewals for Florida Power & Light's St. Lucie nuclear units, extending Unit 1 to 2056 and Unit 2 to 2063.BP (BP) shares added 0.8%. The company reported Q1 underlying replacement cost profit Tuesday of $1.24 per American depositary share, up from $0.53 a year earlier. Sales and other operating revenue for the quarter totaled $52.26 billion, up from $46.91 billion a year earlier. Analysts polled by FactSet expected $49.4 billion.

$BP$CVX$EQNR$NEE
Wire

Equinor Shares Rise After Morgan Stanley Upgrade

Equinor (EQNR) shares rose 1.3% in Tuesday trading after Morgan Stanley upgraded the stock to equal weight from underweight and raised the price target to $40.40 from $22.80.Trading volume stood at over 3.2 million shares, compared with a daily average of about 7.7 million.Price: $38.56, Change: $+0.51, Percent Change: +1.34%

$EQNR
Research

Morgan Stanley Upgrades Equinor ASA to Equal Weight From Underweight, Adjusts PT to $40.40 From $22.80

Equinor ASA (EQNR) has an average rating of Underweight and mean price target of $350.58, according to analysts polled by FactSet.

$EQNR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Friday Trading

European equities traded in the US as American depositary receipts were rising late Friday morning, gaining 0.66% at 1,798.36 on the S&P Europe Select ADR Index, which is off 2% for the week so far.From continental Europe, the gainers were led by pharmaceutical company Novo Nordisk (NVO) and software firm SAP (SAP), which rose 6.4% and 5.6% respectively. They were followed by furniture maker Natuzzi (NTZ) and consumer goods company Unilever (UL), which were up 2.6% and 1.7% respectively.The decliners from continental Europe were led by biotech firm Evaxion (EVAX) and petroleum refiner Equinor (EQNR), which fell 2.4% and 1.4% respectively. They were followed by biopharmaceutical company Cellectis (CLLS) and oil and gas company Eni (E), which were down 1.2% and 0.9% respectively.The gainers from the UK were led by British American Tobacco (BTI) and InterContinental Hotels Group (IHG), which advanced 2.5% and 2.4% respectively. They were followed by insurance company Prudential (PUK) and educational publisher Pearson (PSO), which increased 1.2% and 0.7% respectively.The decliners from the UK and Ireland were led by biopharmaceutical firm NuCana (NCNA) and Autolus Therapeutics (AUTL), which fell 5.1% and 2.7% respectively. They were followed by Trinity Biotech (TRIB) and Silence Therapeutics (SLN), which lost 1.6% and 1% respectively.

$AUTL$BTI$CLLS$E$EQNR$EVAX$IHG$NCNA$NTZ$NVO$PSO$PUK$SAP$SLN$TRIB$UL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Sharply Lower in Tuesday Trading

European equities traded in the US as American depositary receipts were falling sharply late Tuesday morning, dropping 1.15% to 1,812.72 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by petroleum refiner Equinor (EQNR) and internet browser company Opera (OPRA), which rose 2.7% and 1.7% respectively. They were followed by 3D printer company Materialise (MTLS) and medical device maker EDAP TMS (EDAP), which were up 1.2% each.The decliners from continental Europe were led by biopharmaceutical company argenx (ARGX) and pharmaceutical company Novo Nordisk (NVO), which fell 3% and 2.8% respectively. They were followed by biotech firm Evaxion (EVAX) and pharmaceutical company Ascendis Pharma (ASND), which were down 2.7% each.The gainers from the UK were led by biopharmaceutical company Akari Therapeutics (AKTX) and software firm Endava (DAVA), which advanced 6.4% and 2.7% respectively. They were followed by education company Pearson (PSO) and pharmaceutical company Silence Therapeutics (SLN), which increased 1.2% and 0.9% respectively.The decliners from the UK and Ireland were led by biopharmaceutical companies Biodexa Pharmaceuticals (BDRX) and NuCana (NCNA), which dropped 8.7% and 3.2% respectively. They were followed by biopharmaceutical company Mereo BioPharma Group (MREO) and cruise line operator Carnival (CUK), which lost 2.3% and 2.2% respectively.

$AKTX$ARGX$ASND$BDRX$CUK$DAVA$EDAP$EQNR$EVAX$MREO$MTLS$NCNA$NVO$OPRA$PSO$SLN
Commodities

Okea to Exit Mistral Stake in $30 Million Deal, Strengthens Balance Sheet

Okea said Monday that it agreed to sell a 20% stake in production license 1119, Mistral, for $30 million, with an estimated post-tax gain of about $25 million.The company said it entered into a sale-and-purchase agreement with Japex Norge to divest its 20% working interest in the Mistral license for a fixed consideration of $30 million.The transaction carries an effective date of Jan. 1, 2026, and remains subject to customary government approvals before completion, the company said.Okea added that the deal includes contingent consideration, allowing it to retain upside exposure tied to a potential commercial discovery at the Mistral Nord prospect.The company said the divestment supports balance sheet strength and sharpens focus on core operating areas.Okea expects a positive net profit after tax impact of about $25 million, with the gain to be recognized upon closing, which is anticipated by the end of Q3 2026.The company said Mistral has been part of its portfolio since APA2018, Awards in Predefined Areas 2018, with the Mistral Sor discovery made in Q1 2025, and that it holds estimated recoverable resources of 38 million barrels of oil equivalent.Following the transaction, license partners will include Equinor (EQNR) as operator with 60%, alongside Inpex Idemitsu Norge and Japex Norge, each holding 20% interesPrice: $35.82, Change: $+0.35, Percent Change: +0.99%

$EQNR
Sectors

Sector Update: Energy Stocks Advance Late Afternoon

Energy stocks rose late Thursday afternoon, with the NYSE Energy Sector Index climbing 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index increased 0.4%, and the Dow Jones US Utilities Index was up 0.6%.In sector news, it will take about six months for the US and Iran to reach a peace deal, and the two sides should extend their ceasefire to cover that period, Bloomberg reported Thursday, citing Gulf Arab and European officials familiar with the matter.West Texas Intermediate crude oil rose 2.4% to $93.46 a barrel, and global benchmark Brent gained 3.4% to $98.19 a barrel. Henry Hub natural gas futures rose 2.2% to $2.67 per 1 million BTU.US natural gas stocks rose by 59 billion cubic feet in the week ended Friday, as expected in a survey compiled by Bloomberg, and following an increase of 50 billion in the previous week.In corporate news, TotalEnergies (TTE) shares climbed 4.3% after the company said Q1 exploration and production results are expected to rise significantly, backed by higher oil prices and contributions from new projects.Equinor (EQNR) said it expects stronger Q1 results in its marketing, midstream, and processing division. The stock rose 4%.Energy Fuels (UUUU) appointed President Ross Bhappu as CEO on Wednesday, succeeding Mark Chalmers, who is retiring from the top job. Energy Fuels shares shed 0.5%.York Water (YORW) shares fell 2.7% after it said Thursday it priced an underwritten public offering of about 1.5 million common shares at $28.50 per share, for estimated gross proceeds of about $43 million.

$EQNR$TTE$UUUU$YORW
Sectors

Sector Update: Energy Stocks Rise Thursday Afternoon

Energy stocks advanced Thursday afternoon with the NYSE Energy Sector Index rising 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.5%.The Philadelphia Oil Service Sector Index gained 0.5%, and the Dow Jones US Utilities Index climbed 0.2%.In sector news, it will take about six months for the US and Iran to reach a peace deal, and the two sides should extend their ceasefire to cover that period, Bloomberg reported Thursday, citing Gulf Arab and European officials familiar with the matter.West Texas Intermediate crude oil rose 4% to $94.95 a barrel, and global benchmark Brent jumped 5% to $99.64 a barrel.US natural gas stocks rose by 59 billion cubic feet in the week ended Friday, as expected in a survey compiled by Bloomberg, and following an increase of 50 billion in the previous week.Henry Hub natural gas futures rose 1.1% to $2.64 per 1 million BTU.In corporate news, TotalEnergies (TTE) shares climbed 4.5% after the company said Q1 exploration and production results are expected to rise significantly, backed by higher oil prices and contributions from new projects.Equinor (EQNR) said it expects stronger Q1 results in its marketing, midstream, and processing division. The stock rose 4.6%.Energy Fuels (UUUU) appointed President Ross Bhappu as CEO on Wednesday, succeeding Mark Chalmers, who is retiring from the top job. Energy Fuels shares rose 1.2%.

$EQNR$TTE$UUUU
Asia Markets

European Equities Traded in the US as American Depositary Receipts Declining in Thursday Trading

European equities traded in the US as American depositary receipts were trending lower late Thursday morning, declining 0.42% to 1,823.55 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and internet browser company Opera (OPRA), which advanced 4.4% and 3.7%, respectively. They were followed by petroleum refiner Equinor (EQNR) and software firm SAP (SAP), which increased 3.6% and 3.1%, respectively.The decliners from continental Europe were led by semiconductor company Sequans Communications (SQNS) and biotech firm Evaxion (EVAX), which dropped 3% and 1.6%, respectively. They were followed by biopharmaceutical companies DBV Technologies (DBVT) and argenx (ARGX), which fell 1.3% and 1.1%, respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and communications company WPP (WPP), which rose 4.3% and 2.8%, respectively. They were followed by educational publisher Pearson (PSO) and oil and gas company BP (BP), which were up 2.4% and 2.1%, respectively.The decliners from the UK and Ireland were led by cruise line operator Carnival (CUK) and biopharmaceutical company Bicycle Therapeutics (BCYC), which lost 4.6% and 2.8%, respectively. They were followed by biopharmaceutical company NuCana (NCNA) and pharmaceutical company GSK (GSK), which were down 1.7% and 0.9%, respectively.

$ARGX$BCYC$BP$CLLS$CUK$DBVT$EQNR$EVAX$GSK$NCNA$OPRA$PSO$SAP$SQNS$WPP
Commodities

Equinor Sees Q1 MMP Division Earnings Above Guidance Amid Iran War-Driven Volatility

Norwegian energy company Equinor (EQNR) on Thursday said it expects Q1 average quarterly adjusted operating income of around $400 million from its marketing, midstream, and processing division, surpassing the company's guidance figures, amid "significant volatility" in the crude, products, and liquids markets due to the Iran war."The conflict in the Persian Gulf has driven significant volatility across crude, products, and liquids towards the end of the quarter," the company said in a trading update.The company's US trading business was also set to benefit from higher prices driven by the cold spell in the country in late January.Meanwhile, "European geographic spreads supported gains from optimizing European gas flows."In Norway, the company reported exploration activity in 9 wells on the Norwegian Continental Shelf in Q1, with 8 wells being completed.International output was expected to be stable compared with the previous quarter, excluding output from the Adura project, the statement said.Price: $38.08, Change: $+1.26, Percent Change: +3.41%

$EQNR
Sectors

Sector Update: Energy Stocks Rise Premarket Thursday

Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.5%.The United States Oil Fund (USO) was up 1.3% and the United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 1.4% higher at $92.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.9% to $96.69 per barrel, and natural gas futures were up 0.3% at $2.62 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up more than 3% after the company said Q1 exploration and production results are expected to rise significantly, supported by higher oil prices and contributions from new projects.Equinor (EQNR) stock was up more than 1% after the company said it expects stronger Q1 results in its marketing, midstream, and processing division.Enbridge's (ENB) Enbridge Energy has received US presidential permits to operate and maintain the existing pipeline facilities at the US-Canada border in St. Clair County, Michigan, and Pembina County, North Dakota, the White House said. Enbridge shares were 0.4% higher premarket.

$ENB$EQNR$TTE$UNG$USO$XLE
Equities

Equinor Expects Upbeat Q1 Results for Marketing, Midstream, Processing Unit

Equinor (EQNR) said Thursday it expects stronger Q1 results in its marketing, midstream, and processing division.The company projects the division's average quarterly adjusted operating income at around $400 million."Result this (Q1) is expected to be above this guidance," Equinor said. "The conflict in the Persian Gulf has driven significant volatility across crude, products and liquids towards the end of the quarter."The company also detailed several other factors supporting the upbeat outlook.Equinor is scheduled to report Q1 results May 6.The company's shares were up 1.3% in premarket activity.

$EQNR
Sectors

Sector Update: Energy Stocks Softer Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index down 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.3%.The Philadelphia Oil Service Sector Index was adding 0.4%, and the Dow Jones US Utilities Index was shedding 0.9%.In sector news, President Donald Trump said he sees the US-Israel war with Iran "as very close to over," news outlets reported, citing an interview on Fox Business Network conducted Tuesday and broadcast Wednesday.Front-month West Texas Intermediate crude oil shed 0.3% to $90.98 a barrel, and the global benchmark Brent crude contract was steady at $94.79 a barrel. Henry Hub natural gas futures increased 0.5% to $2.61 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, declined 5.1 million barrels in the week ended April 10 following an increase of 1.3 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 900,000 barrels after a 3.1-million-barrel increase in the previous week, compared with the 1.9-million-barrel increase expected in a survey compiled by Bloomberg.In corporate news, ReNew Energy Global (RNW) shares rose 2.4% after the firm said Wednesday it has commissioned roughly 2.4 gigawatts of assets in fiscal 2026, bringing its total operating capacity to about 12.6 GW.Spire (SR) has agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital for $650 million, the companies said Wednesday. Spire shares were down 0.4%.Equinor's (EQNR) Danske Commodities said it eliminated about 28 positions in March, as the company aims to further its new commercial strategy. Equinor shares fell 3.2%.NOV (NOV) shares fell 0.4% after the company said disruptions linked to the war in the Middle East are expected to weigh on its Q1 results, with revenue and earnings coming in below prior guidance due to logistical challenges and delayed equipment deliveries in the region.

$EQNR$NOV$RNW$SR
Sectors

Sector Update: Energy Stocks Mixed Wednesday Afternoon

Energy stocks were mixed Wednesday afternoon, with the NYSE Energy Sector Index easing 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) increasing 0.3%.The Philadelphia Oil Service Sector Index was adding 0.5%, and the Dow Jones US Utilities Index was shedding 0.7%.In sector news, President Donald Trump downplayed the possibility of an extended war in Iran. Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days," as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict, Reuters reported. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran, the news report said. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.Front-month West Texas Intermediate crude oil was rising 0.7% to $91.87 a barrel, and the global benchmark Brent crude contract was advancing 0.6% to $95.40 a barrel. Henry Hub natural gas futures increased 0.2% to $2.61 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, declined by 5.1 million barrels in the week ended April 10 following an increase of 1.3 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 900,000 barrels after a 3.1-million-barrel increase in the previous week, compared with the 1.9-million-barrel increase expected in a survey compiled by Bloomberg.In corporate news, Spire (SR) has agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital for $650 million, the companies said Wednesday. Spire shares were down 0.4%.Equinor's (EQNR) Danske Commodities said it eliminated about 28 positions in March, as the company aims to further its new commercial strategy. Equinor shares fell 1.7%.NOV (NOV) shares decreased 0.4% after the company said disruptions linked to the war in the Middle East are expected to weigh on its Q1 results, with revenue and earnings coming in below prior guidance due to logistical challenges and delayed equipment deliveries in the region.BP (BP) plans to simplify its business into two main divisions focused on oil and gas production and downstream operations, marking a shift away from its earlier energy transition strategy, multiple media sources reported Tuesday. BP shares were up 0.4%.

$BP$EQNR$NOV$SR
Wire

Update: Equinor's Danske Commodities Cuts 28 Jobs to Further Commercial Strategy

(Updates to rewrite throughout with the company's response.)Equinor's (EQNR) Danske Commodities said Wednesday that it eliminated about 28 positions in March, as the company aims to further its new commercial strategy.As part of its organizational adjustments, some positions have been discontinued, while new positions are being established, according to a statement from Jonas Skovbjerg Hansen, vice president of people & culture, sent to."Change is never easy, but we believe these adjustments are necessary to ensure that Danske Commodities delivers on our ambition to be at forefront of tech trading and asset management," Hansen said.Price: $37.31, Change: $-0.69, Percent Change: -1.82%

$EQNR

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