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Reuters
Equinor shares soar on record 2022 profit, Q4 beat
Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous high, as gas prices soared and fourth-quarter results beat expectations, boosting its share price by 7%. The Norwegian oil and gas producer’s adjusted earnings before tax and interest for October-December rose to $15.1 billion from $15 billion a year earlier, beating the $14.4 billion predicted in a poll of 25 analysts compiled by Equinor. Equinor raised its regular quarterly dividend and said it expected to see an annual cash flow from operations after tax of around $20 billion per year for the rest of the decade.
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