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    Naisheng Cui • Barclays

    Naisheng Cui's questions to Equinor ASA (EQNR) leadership

    Naisheng Cui's questions to Equinor ASA (EQNR) leadership • Q2 2024

    Question

    Naisheng Cui from Barclays followed up on cost inflation and currency exposure, asking about the potential impact on 2026 and whether maintaining the current CapEx guidance requires forgoing any opportunities.

    Answer

    EVP & CFO Torgrim Reitan responded that as a dollar-denominated company, managing currency fluctuations is a normal part of business. He expressed the intention to further tighten the portfolio to stay within the current CapEx guidance, even with some Norwegian kroner exposure, and affirmed that this is the plan without having to give up opportunities.

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    Naisheng Cui's questions to Equinor ASA (EQNR) leadership • Q2 2024

    Question

    Naisheng Cui of Barclays followed up on CapEx cost inflation, asking about the impact of Norwegian kroner exposure on the 2026 outlook and whether maintaining the current CapEx guidance required forgoing any opportunities.

    Answer

    EVP & CFO Torgrim Reitan reiterated that Equinor operates as a dollar company but actively manages currency fluctuations like the NOK. He expressed the intention to tighten the portfolio further to stay within the current CapEx guidance, even with some currency exposure, implying that efficiency gains would offset pressures rather than cutting opportunities.

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