Equinor Lifts Dividend As Soaring Gas Prices Drive Record Q3 Profit

OilPrice.com | Oct 28, 2022 at 8:47 AM
  • Raised its extraordinary dividend after reporting on Friday record earnings for the third quarter on the back of surging natural gas prices in Europe.
  • Equinor’s board decided to pay a cash dividend of $0.20 per share, and, “based on continued strong earnings in the quarter,” the board raised the extraordinary cash dividend from $0.50 per share to $0.70 per share for the third quarter 2022.
  • Following the release of the results, shares in Equinor surged by more than 5% in pre-market trade in New York on Friday.