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Why Oil & Gas Major Equinor Shares Are Diving Premarket Wednesday

Equinor's (NYSE: EQNR) disappointing 20% Y/Y drop in adjusted revenue reflects market challenges amidst falling gas prices, impacting overall earnings. Despite strong equity liquids production, the company faces a significant 49% Y/Y decline in adjusted earnings, signaling turbulent times in the energy sector.

EQNR

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Mixed Q4 For TotalEnergies: Profit Miss, Pledges Shareholder Returns With Dividend Hike + $2B Buyback

TotalEnergies' Q4 FY23 earnings beat estimates with $59.237 billion in revenue, showcasing resilience amidst sector challenges. Despite a 12% Y/Y dip in hydrocarbon production, the company's commitment to shareholders is evident through a 7.1% dividend increase to €0.79 and $2 billion share repurchase program.

TTE

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Specialty Chemicals Major Linde Shares Are Surging Today: What’s Going On?

Linde sees a surge in shares as Q4 FY23 sales hit $8.30 billion, beating consensus, with adjusted operating profit up 14% Y/Y to $2.3 billion and adjusted EPS of $3.59 surpassing expectations. CEO Sanjiv Lamba expresses confidence amidst uncertain geopolitical and macro environments, emphasizing Linde's strong position to capitalize on opportunities.

LIN