Published 1 month ago

First full year of windfall tax drives EnQuest to loss

Summary by Ground News

EnQuest recorded total revenues of just under $1.5bn, with adjusted earnings before interest, taxes, depreciation and amortisation reaching $825m. Total production also fell, reaching approximately 43,800 barrels of oil equivalent per day (boepd), compared to around 47,300 boepd last year.

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Energy Voice

First full year of windfall tax drives EnQuest to loss

North Sea operator EnQuest (LON:ENQ) posted a loss in its 2023 full year financial results, reflecting the impact of the UK government's windfall tax on oil and gas firms. The post First full year of windfall tax drives EnQuest to loss appeared first on Energy Voice.

1 month ago·United Kingdom

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