Equinor third-quarter profit drops more than expected on low gas sales
Share:
OSLO (Reuters) - Norway's Equinor reported a bigger-than-expected drop in its third-quarter profit on Thursday, dented by a significant decline in the volume and price of natural gas sold to Europe.Adjusted earnings before interest and tax (EBIT) fell to $2.59 billion in the third quarter from $4.84 billion during the same period last year. A poll of 23 analysts compiled by Equinor had expected adjusted EBIT to come in at $2.69 billion."We maintain strong cost and capital discipline, but our..