Equinor shares are trading lower amid weakness in oil. Additionally, The Church Commissioners for England said it will sell off stakes in oil and gas companies from its portfolio.
Portfolio Pulse from Benzinga Newsdesk
Equinor shares are trading lower due to weakness in oil prices and The Church Commissioners for England announcing plans to sell off stakes in oil and gas companies from its portfolio.
June 22, 2023 | 7:02 pm
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NEGATIVE IMPACT
Equinor's stock price is negatively impacted by weak oil prices and The Church Commissioners for England's decision to sell off oil and gas stakes.
Equinor's stock price is directly affected by the weakness in oil prices, as it is an oil and gas company. Additionally, The Church Commissioners for England's decision to sell off stakes in oil and gas companies, including Equinor, puts further downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100