BAKU, Azerbaijan, July 26. Norway-based Equinor reported revenues from crude oil sales for the second quarter of 2023, amounting to $13.055 billion, Trend reports.
This figure reflects a decline compared to the same period in 2022, when revenues reached $16.397 billion.
During the first half of 2023, Equinor's crude oil sales generated $25.166 billion in revenue, showing a decrease from the first six months of 2022, when revenues were $31.431 billion.
In summary, the company experienced a 20.4 percent year-on-year drop in revenues from crude oil sales for the second quarter and a 19.9 percent year-on-year decline for the first half of 2023.
Meanwhile, total revenues and other income amounted to $52.096 billion in 1H 2023, versus $72.852 billion, dropping by 28 percent year-on-year.
Equinor’s total operating expenses dropped by 16 percent from $18.727 billion in 2Q 2022 to $15.821 billion in the same period in 2023. The operating expenses stood at $32.527 billion in the first six months of 2023, compared to $36.727 billion in the same period in 2022, showing a 11 percent decrease year-on-year.
Follow the author on Twitter: @Lyaman_Zeyn