The Priority for Equinor Is Reducing Debt, Says CEO

The video discusses the company's financial performance, including strong cash generation and reduced debt ratio. It highlights priorities like maintaining dividends and potential buybacks. The US market strategy, particularly regarding the Permian Basin, is explored, noting high entry costs. Norwegian political debates on oil exploration and climate change are addressed. Finally, factors affecting oil prices, such as geopolitical tensions and OPEC's role, are analyzed, with a medium-term outlook for higher prices.

What is the company's priority in terms of financial strategy?

• Entering new markets

• Increasing debt levels

• Focusing on cash dividends

• Reducing production

Why is the company hesitant to enter the Permian Basin?

• High entry costs

• Low oil prices

• Lack of geological data

• Political instability

What is the company's position on buybacks?

• They might be relevant in the future

• They are not part of the dividend policy

• They are a current priority

• They are being implemented immediately

What recent political decision in Norway affects oil exploration?

• Ban on offshore exploration in the Loften Islands

• Increased subsidies for oil companies

• New tax incentives for oil exploration

• Mandatory reduction in oil production

How does the company view the political support for the oil and gas industry in Norway?

• There is no political support

• Support is only from the opposition

• Support is declining rapidly

• There is broad political support

What are some factors affecting current oil prices?

• Disruptions in Venezuela and sanctions on Iran

• Stable geopolitical conditions

• Increased production in the Permian Basin

• High investment levels

What is the company's outlook on future oil prices?

• Prices will remain low indefinitely

• Prices will rise in the medium term

• Prices will drop significantly

• Prices will stabilize immediately