Business & Finance
Lundin Energy raises oil output forecast, Q4 beats expectation
- Its earnings before interest and taxes (EBIT) rose to $488.1 million from $382.5 million for the same period a year ago, beating the $428.2 million seen in a Refinitiv poll.
OSLO: Swedish independent oil firm Lundin Energy raised its output forecast on Thursday and reported stronger than expected fourth-quarter earnings as Norway's largest oilfield Johan Sverdrup ramped up production.
Its earnings before interest and taxes (EBIT) rose to $488.1 million from $382.5 million for the same period a year ago, beating the $428.2 million seen in a Refinitiv poll of analysts.
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