Overview
- Equinor reported a net loss of about $0.20 billion for the quarter after recognizing $754 million of impairments tied to updated price assumptions, with AFP reporting its 2030–2040 crude forecast was cut to around $75 per barrel.
- Adjusted operating income came in at $6.21 billion, reflecting solid underlying performance despite weaker liquids prices.
- Total equity production increased to 2,130 mboe per day, up 7% year over year, led by strong Norwegian fields including Johan Sverdrup and the new Johan Castberg.
- The board declared a $0.37 per‑share dividend and opened a fourth 2025 buyback tranche of up to $1.266 billion, keeping total planned distributions for the year near $9 billion.
- Operational updates included October start‑up at Brazil’s Bacalhau field, first CO2 received and stored by Northern Lights, and the halting of early‑phase Snorre and Halten electrification projects due to high abatement costs.