Equinor ASA (NYSE:EQNR)

$ 24.18 -0.19 (-0.78%) Market Cap: 66.17 Bil Enterprise Value: 66.85 Bil PE Ratio: 7.73 PB Ratio: 1.56 GF Score: 79/100

Q3 2019 Equinor ASA Earnings Call Transcript

Oct 24, 2019 / 09:30AM GMT

Release Date Price: $19.08 (+0.21%)

Transcript

Peter Hutton

Equinor ASA - SVP of IR

Good morning, ladies and gentlemen, and welcome to the Equinor Third Quarter Analyst Call. We will start, as usual, with a presentation from Lars Christian Bacher, our Chief Financial Officer, and then we will open up for questions. (Operator Instructions) And with me on the call today, I'm joined by Svein Skeie, who's Head of Performance Management; Ãrjan Kvelvane, Head of Accounting; and Russell Alton, Head of Finance.

And with that, I'm very pleased to start with the Lars Christian. Thank you very much.

Lars Christian Bacher

Equinor ASA - Executive VP & CFO

Thank you, Peter. Good morning, everybody, and welcome.

Equinor delivered good overall operational performance. We report stable underlying costs, strong progress and deliver on projects, including the early start-up and rapid ramp-up of Johan Sverdrup. Nonetheless, our financial results for the third quarter are impacted by lower prices for both gas and liquids.

Our results are also impacted by lower production levels as a result of

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