Equinor's Oil and Gas Business Is Thriving. Will It Last?
Norwegian integrated oil and gas major Equinor (NYSE: EQNR) is firing on all cylinders. Its low-cost, high-profit-margin oil and gas business is benefiting from increased end-user demand and higher prices. However, Equinor intends to gradually wean itself off of fossil fuels. In fact, the company could become the world's leading offshore wind energy operator as it aims to achieve carbon neutrality by 2050.
Here's a breakdown of how Equinor's business is performing now and where it's headed over the coming years.
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Source Fool.com
