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IS - Equinor’s 2019 net income and total revenue down YOY - February 2020
Equinor reported 2019 net income of $1.85 billion on total revenue of $64.3 billion, compared with over $7.5 billion in profits on $79 billion of total revenue for the prior year. At over $13 billion, the company’s depreciation and amortization expenses were roughly a third above the previous three-year average, ultimately bringing down operating income to $9.3 billion. With an 80% income tax rate, the company paid out over $7.4 billion to the Norwegian......
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