Equinor ASA (EQNR) Q3 2022 Earnings Call Transcript

For the period ending March 31, 2022

October 28, 2022 5:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning, good afternoon, ladies and gentlemen. Thank you for standing by. Welcome, and thank you for joining the Equinor Analyst Q3 call. [Operator Instructions]

It's my pleasure, and I would now like to turn the conference over to Mr. Mads Holm, Head of Investor Relations. Please go ahead, sir.

Mads Holm

Thank you, operator. Ladies and gentlemen, I'm very pleased to welcome you to the presentation of Equinor's third quarter results call. I'm Mads Holm, Head of Investor Relations. It's my great pleasure to introduce Torgrim Reitan, who, as you know, started as CFO just a few weeks ago. For those of you unfamiliar with Torgrim, he has been with the company for 27 years and held several management position in Norway, the United States and the United Kingdom. His most recent position was Senior Vice President for Finance and Control in renewables. Torgrim was a member of the Corporate Executive Committee for 10 years, first as CFO, then as Executive Vice President for Development and Production USA and later the combined international business. With strong experience from upstream, trading and operations of natural gas and renewables, we are delighted to welcome Torgrim back as CFO to present Equinor's results and outlook, and to engage in the important dialogue with analysts and investor community.

Torgrim will take us through the results, and then we will open up for questions as usual. We aim to complete the call within the hour.

So with that, let me pass straight over to Torgrim for the presentation. Thank you very much.

Torgrim Reitan

Thank you, Mads, for that kind introduction, and good morning, everyone. And very good to be with you. And I do look forward to meet you face-to-face at a later point in time. So it's a privilege to step into this role in a company so financially solid with such a rich and attractive investment portfolio and with a clear plan for transition.

Coming into this role, I have 2 main priorities. The first is to ensure that Equinor steered safely through these uncertain times. We see high geopolitical uncertainty, weaker prospects for global economic growth and high volatility in the markets we operate. And I want Equinor to come out of this as a stronger company. My second priority, but equally important, is to support the transition for Equinor to be a leading company as the energy transition develops.