Equinor to Set Up 2 New Business Areas; Shares Up Pre-Bell

MT Newswires Live03-19

Equinor (EQNR) said Thursday it will establish two new business areas by splitting its marketing, midstream and processing unit in a bid to improve operations and boost value.

One unit will handle midstream, processing and infrastructure, including refineries, pipelines and storage, while the other will focus on trading and market activities.

The company said a project is already in place to "further mature" operating model and organizational structure. "The ambition is to have a final solution ready before summer, with the new organization to be operational in early 2027," Equinor said.

The company's shares were up 4.3% in premarket activity.

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