Equinor trading profit beats $400 million guidance
Equinor expects its trading unit to beat its $400 million first-quarter profit guidance. Results follow market volatility and tight crude oil supplies.
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EQUINOR ASA announced on Thursday that its Marketing, Midstream and Processing (MMP) division, which manages the group's energy trading, expects first-quarter adjusted operating profits to surpass the previously issued guidance of $400 million. The energy producer, based in Norway, is scheduled to provide a comprehensive breakdown of its financial performance when it releases its full first-quarter earnings report on May 6.
