Norway’s Equinor posted a 46% net loss during the first quarter of 2024 of around $2.67 billion, compared to $4.96 billion in the same quarter of last year, according to its financial results statement released on Thursday.
The company recorded nearly $2.60 billion in profit during the fourth quarter of last year.
The revenue for the January–March period this year reached $25.13 billion, relative to $29.22 billion for the same quarter of 2023.
The company's fourth-quarter 2023 revenue amounted to $29.05 billion.
By Duygu Alhan
Anadolu Agency
energy@aa.com.tr