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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Equinor ASA    EQNR   NO0010096985

EQUINOR ASA

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China's CO2 emissions will be higher in 2020 than in 2019, says IEA's Birol

11/25/2020 | 04:34am EST

OSLO (Reuters) - China's greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday.

"As of today, Chinese emissions this year, 2020, will be higher than in 2019, they rebounded," Fatih Birol told a digital energy conference organised by Norwegian oil firm Equinor.

Regarding China's oil demand, Birol said the IEA expected it to be "slightly higher" this year than it was last year. For gas demand, it would be "much higher" in 2020 compared to 2019.

"We do not see a structural decline in oil demand," he said.

On the United States, Birol said he expected President-elect Joe Biden to give a "big push" for clean energy innovations, ranging from carbon capture and storage to small nuclear reactors and battery storage.

"The United States rejoining the Paris Agreement would create a tremendous momentum for the fight against climate change," he said.

(Writing by Gwladys Fouche, editing by Terje Solsvik)

By Nora Buli and Nerijus Adomaitis


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -0.53% 168.1 Real-time Quote.16.59%
LONDON BRENT OIL -0.14% 55.86 Delayed Quote.5.90%
WTI -0.06% 53.12 Delayed Quote.8.53%
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Financials (USD)
Sales 2020 45 337 M - -
Net income 2020 -2 503 M - -
Net Debt 2020 18 886 M - -
P/E ratio 2020 -26,6x
Yield 2020 2,41%
Capitalization 64 195 M 64 276 M -
EV / Sales 2020 1,83x
EV / Sales 2021 1,40x
Nbr of Employees 21 412
Free-Float 31,9%
Chart EQUINOR ASA
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Equinor ASA Technical Analysis Chart | EQNR | NO0010096985 | MarketScreener
Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 18,82 $
Last Close Price 19,84 $
Spread / Highest target 34,9%
Spread / Average Target -5,14%
Spread / Lowest Target -44,9%
EPS Revisions
Managers and Directors
NameTitle
Anders Opedal President & Chief Executive Officer
Jon Erik Reinhardsen Chairman
Jannicke Nilsson Chief Operating Officer
Svein Skeie Chief Financial Officer
Bjørn Tore Godal Independent Non-Executive Director
Sector and Competitors
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TOTAL SE5.24%118 373
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