Equinor posts record Q4, hikes dividend and share buybacks By Reuters

© Reuters. FILE PHOTO: Equinor’s flag in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins

OSLO (Reuters) – Norway’s Equinor posted record pretax profits for the fourth quarter on Wednesday, driven by a boom in oil and gas prices and said it will raise its dividend and increase share buybacks.

Adjusted earnings before tax rose to $15.0 billion in the October-December quarter from $756 million in the same period a year ago, exceeding the $13.2 billion predicted in a poll of 23 analysts compiled by Equinor.

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