Equinor Expects FY23 Production To Increase ~3% YoY, Organic Capital Expenditure Of $10B-$11B
Portfolio Pulse from Benzinga Newsdesk
Equinor expects its FY23 production to increase by approximately 3% YoY, with an estimated organic capital expenditure of $10B-$11B. The company aims to keep the unit of production cost in the top quartile of its peer group. Maintenance activity is expected to reduce equity production by around 45 mboe per day for the full year of 2023.
July 26, 2023 | 5:28 am
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Equinor's projected increase in FY23 production and estimated organic capital expenditure of $10B-$11B could potentially influence the company's stock performance. However, maintenance activity may reduce equity production.
The projected increase in production and capital expenditure indicates potential growth for Equinor, which could positively impact the company's stock. However, the reduction in equity production due to maintenance activity could offset some of this growth.
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