March 25, 2020 / 6:14 AM / 4 days ago

Equinor slashes investment, spending in $3 bln coronavirus package

OSLO, March 25 (Reuters) - Norwegian oil firm Equinor will cut investments, exploration drilling and operating costs as part of a $3 billion plan to help the company weather the coronavirus crisis, it said on Wednesday.

The measures come in addition to the suspension earlier this week of the company’s $5 billion four-year share buyback programme, it added. (Reporting by Terje Solsvik; Editing by Raju Gopalakrishnan)

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