Equinor sees weak liquids, LNG trading income in Q1 - Finance news and analysis from Global Banking & Finance Review

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Finance

Equinor sees weak liquids, LNG trading income in Q1

Published by Global Banking & Finance Review

Posted on April 9, 2025

1 min read

· Last updated: April 9, 2025

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Equinor Predicts Weak Q1 Trading Income and Extra Costs

OSLO (Reuters) - Equinor's trading unit will report relatively weak results from liquids and LNG trading in the first quarter of 2025, the Norwegian company said in a briefing to analysts on Wednesday.

The Marketing, Midstream & Processing (MMP) unit also faces extra costs during the quarter of around $100 million from the drilling of carbon capture and storage (CCS) appraisal wells, Equinor said.

Equinor is due to publish its first quarter financial results on April 30.

(Reporting by Terje Solsvik; editing by Nora Buli)

Key Takeaways

Equinor expects weak Q1 results in liquids and LNG trading.
The MMP unit faces $100 million in extra costs for CCS appraisal wells.
Equinor's financial results will be published on April 30.
The briefing was held in Oslo, Norway.
The article was reported by Terje Solsvik and edited by Nora Buli.

Frequently Asked Questions

What is the main topic?

The main topic is Equinor's expected weak trading income for Q1 2025 in liquids and LNG, along with additional costs for CCS appraisal wells.

When will Equinor publish its financial results?

Equinor will publish its first quarter financial results on April 30.

What additional costs is Equinor facing?

Equinor is facing an additional $100 million in costs for drilling carbon capture and storage appraisal wells.

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