May 3, 2019 / 4:55 AM / a year ago

Equinor Q1 operating profit beats expectations

OSLO, May 3 (Reuters) - Norwegian oil and gas firm Equinor reported a higher-than-expected operating profit for the first quarter on Friday and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November.

Its earnings before interest and tax (EBIT), adjusted for one-off items, fell to $4.2 billion in the quarter from $4.4 billion during the same period of 2018, beating a forecast of $3.9 billion in a Reuters poll of analysts. (Reporting by Nerijus Adomaitis and Izabela Niemiec, editing by Terje Solsvik)

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