Equinor ADR slides as crude prices retreat and cash-flow worries linger post-earnings
EQNR•Equinor’s U.S.-listed shares fell 3.87% to $36.66 as energy stocks tracked a sharp pullback in crude prices tied to renewed expectations that shipping could resume more freely through the Strait of Hormuz. The drop extends a post-earnings slide after Equinor’s Q1 results beat on profit but disappointed on cash flow and highlighted heavy tax outflows.
1. What’s moving the stock
Equinor (EQNR) shares traded lower as the broader oil-and-gas group weakened alongside a sharp drop in crude prices. Oil markets have been repricing the risk premium tied to Middle East shipping disruptions, with optimism building around potential de-escalation and a reopening path for the Strait of Hormuz—an outlook that has pressured crude and, by extension, upstream producers’ equities. (apnews.com)
