Financial Wire

Equinor Expects Q1 Adjusted Operating Income from Trading to Top Guidance

-- Equinor (EQNR.OL) said Thursday it expects its Marketing, Midstream and Processing division to beat its average quarterly adjusted operating income guidance of $400 million.

The Norwegian oil and gas company, which is scheduled to report its first-quarter results on May 6, also noted "significant volatility" in crude, products and liquids during the first three months of the year due to the Middle East conflict but said geographic spreads supported gains in Europe.

Across the pond, the company said its US gas trading business was "well positioned" from higher prices due to cold spells in late January.

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Equinor Expects Q1 Adjusted Operating Income from Trading to Top Guidance | Financial Wire