Based on oil price expectation of $100/barrel Norwegian Equinor, now leader in renewables, pumped $40bn into US shale between 2007

Based on oil price expectation of $100/barrel Norwegian Equinor, now leader in renewables, pumped $40bn into US shale between 2007 and 2019 & racked up a total accounting loss of $21.5bn over the same period. Remarkable post mortem.
ft.com/content/3c5be1… https://t.co/tN777M1VBf

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