Equinor reports operating income of $6.2bn in Q4 2025

Equinor has reported adjusted operating income of $6.2bn for the 4th fourth of 2025 (Q4 2025), down from $7.9bn successful Q4 2024.

The company’s nett operating income stood astatine $5.49bn, a autumn from $8.74bn recorded successful the erstwhile year’s comparable period, portion nett income reached $1.31bn, against $2bn a twelvemonth earlier.

Adjusted net per stock for Q4 were reported astatine $0.81, an summation from $0.63 successful Q4 2024.

The fiscal show successful the 4th was shaped by little liquids prices, partially offset by higher US state prices and accrued wide accumulation volumes.

On the Norwegian Continental Shelf (NCS), accumulation roseate by 5% compared to the aforesaid 4th successful 2024. New fields and wells, including Johan Castberg and Halten East, contributed to these gains. Production from US onshore assets accrued pursuing acquisitions successful precocious 2024.

Production successful the E&P International conception declined owed to exits from Nigeria and Azerbaijan arsenic good arsenic a halt and partial merchantability of Brazil’s Peregrino field, though caller wells successful Argentina and Angola made affirmative contributions.

Power procreation from renewables grew to 1.76 terawatt-hours (TWh) successful the 4th and reached 5.65TWh for the year, supported by a ramp-up astatine the Dogger Bank A offshore upwind workplace and onshore projects.

Operating currency flows earlier taxes paid and moving superior adjustments were $9.55bn for the quarter. After taxation payments of $5.96bn, currency travel from operations aft taxes was $3.31bn for the play and $18bn for the year.

Organic superior expenditure (capex) was recorded astatine $3.29bn for the quarter, making a yearly full of $13.1bn. Net indebtedness to superior employed adjusted stood astatine 17.8% astatine the quarter-end.

Looking ahead, Equinor forecasts integrated capex of astir $13bn for 2026 and targets lipid and state accumulation maturation of astir 3%.

Equinor president and CEO Anders Opedal said: “With caller fields connected watercourse and beardown operations, we deliver[ed] record-high accumulation and competitory returns successful 2025.

“We proceed to allocate superior to further make and maximise worth from the NCS. At the aforesaid time, we are delivering focused maturation successful our planetary lipid and state portfolio and gathering our integrated powerfulness business, present focusing connected the execution of already‑sanctioned projects.”

In January 2026, Equinor and Orlen made a state and condensate find successful the Norwegian North Sea’s Sissel prospect, identified done exploration good 15/8-3 S wrong accumulation licence 1137.

"Equinor reports operating income of $6.2bn successful Q4 2025" was primitively created and published by Offshore Technology, a GlobalData owned brand.