Equinor Expects FY23 Production To Increase ~1.5% YoY, Organic Capital Expenditure Of $10B-$11B
Portfolio Pulse from Benzinga Newsdesk
Equinor expects its FY23 production to increase by approximately 1.5% YoY, with an estimated organic capital expenditure of $10B-$11B. The company also aims to keep the unit of production cost in the top quartile of its peer group.
October 27, 2023 | 6:26 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Equinor's FY23 production is expected to increase by 1.5% YoY, with an estimated organic capital expenditure of $10B-$11B. The company's goal is to keep the unit of production cost in the top quartile of its peer group.
The news is directly about Equinor and its financial outlook for FY23. The expected increase in production and the company's ambition to keep production costs low could be seen as positive indicators for the company's performance, potentially leading to a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100