Equinor CEO on Oil Prices, Earnings, Dividend
Oct.29 -- Eldar Saetre, chief executive officer at Equinor ASA, discusses earnings, his outlook for oil prices and raising the dividend. He speaks on “Bloomberg Markets: European Open.”
Cofounder, Equinor
Search every verified Eldar Saetre interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Eldar Saetre, cofounder and CEO of Equinor (formerly Statoil), has publicly addressed the company's financial performance and strategic direction amid volatile oil markets. In 2020, he described the oil market as experiencing its "most dramatic quarter in history," citing volatility and contango curves that contributed to strong trading results, while also noting a "fragile" situation with uncertainty on the demand side due to potential lockdowns and record-high storage levels. He defended Equinor's decision to raise its dividend despite a nearly $3 billion impairment, attributing the move to underlying production growth and cost improvements, while acknowledging lowered long-term oil price assumptions, including a 2025 forecast of $65 per barrel, down from $78. Saetre has also emphasized Equinor's expansion into renewable energy, particularly offshore wind, describing combined projects worth around $15 billion and stating that such investments are profitable, though with a different risk-reward profile than oil and gas. He has discussed the company's focus on reducing debt, maintaining cash dividends, and improving efficiency, including potential workforce downsizing. On oil demand, he has expressed expectations of a global peak in the late 2020s, while noting that oil and gas will remain important during the energy transition, and he has stated that he is "proud to call myself an oil and gas man executive."
Oct.29 -- Eldar Saetre, chief executive officer at Equinor ASA, discusses earnings, his outlook for oil prices and raising the dividend. He speaks on “Bloomberg Markets: European Open.”
Jul.24 -- Norway's state-controlled oil producer Equinor ASA reported a surprise profit, helped by trading gains, in what Executive Officer Eldar Saetre called the "most dramatic quarter in the history of the oil markets." The Stavanger-based company reported an adjusted net profit of $646 million, well ahead of the expected loss of $250 million in a Bloomberg survey. Saetre speaks on "Bloomberg Markets: European Open."
Oct.10 -- In this week’s “Commodity-In-Chief” on “Bloomberg Commodities Edge”, Alix Steel talks with Eldar Saetre, CEO and president of Equinor, about the company's increased push into the offshore wind power market. The company kicked off its massive Johan Sverdrup field oil mega-project in the aging North Sea at a moment where the pressure on the oil industry and governments to act against the climate crisis has never been greater. The field is set to produce crude for 50 years, well beyond the time where the world’s greenhouse-gas emissions should be net zero to avoid warming of more than 1…
May.03 -- Eldar Saetre, chief executive officer at Equinor, discusses 1Q earnings, the possibility of buybacks, entry into Permian in the U.S., the oil industry in Norway and his outlook for oil prices. He speaks on “Bloomberg Daybreak: Europe.”
Feb.06 -- Eldar Saetre, chief executive officer at Equinor, discusses 4Q earnings results, his outlook for 2019, his outlook for buybacks, oil prices, his capex commitment, his investment strategy, their M&A prospects and their involvement in the U.S. shale market. He speaks on “Bloomberg Daybreak: Europe.”
Oct.25 -- Equinor ASA Chief Executive Officer Eldar Saetre discusses the outlook for investment, shareholder returns and energy markets after the Norwegian producer’s profit jumped to the most in more than four years, beating analyst estimates, as it reaped the benefits of higher oil and gas prices. He speaks on "Bloomberg Daybreak: Europe."
May.04 -- Statoil CEO Eldar Saetre discusses the production of oil and gas, and talks about expanding into renewable energy. He speaks on "Bloomberg Markets."
Feb.07 -- Statoil CEO Eldar Saetre weighs in on the oil markets and talks about the company's earnings and performance.
Mar.06 -- Eldar Saetre, president and chief executive officer at Statoil, discusses the market impact of OPEC's output cut, his company’s positions in the U.S., and the decline in their break-even costs. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
Keynote: Eldar Saetre, President & Chief Executive Officer, Statoil Moderator: Jane Collin - Editor - World Gas Intelligence, Energy ...
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