Equinor ASA (NYSE:EQNR)

$ 24.175 -0.195 (-0.8%) Market Cap: 65.51 Bil Enterprise Value: 66.77 Bil PE Ratio: 7.42 PB Ratio: 1.54 GF Score: 79/100

Q2 2019 Equinor ASA Earnings Call Transcript

Jul 25, 2019 / 09:30AM GMT

Release Date Price: $18.15 (-4.32%)

Transcript

Peter Hutton

Equinor ASA - SVP of IR

Welcome to Equinor 2q19 results conference call. I'm delighted to be joined by Lars Christian Bacher, the CFO who will run through the results and highlights presentation. Then, we'll open up for a Q&A over the phone and we'll expect to finish the call inside the hour, as I know this is a busy day for everybody. Also, on the call we have Svein Skeie, Head of Performance Management; and Ãrjan Kvelvane, Head of Accounting.

And with that, I pass over to Lars Christian to get us underway.

Lars Christian Bacher

Equinor ASA - Executive VP & CFO

Thank you, Peter. Good morning, everybody, and thank you for joining us. In the second quarter of 2019, Equinor delivered good overall operational performance in a quarter characterized by a record high project activity and many planned turnarounds. In addition, our financial results were mainly impacted by lower realized oil and gas prices and our production mix in the quarter. We have said that we expect price volatility and therefore, it is important to sustain and

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