Equinor’s Q3 Profit Misses Analyst Estimate Amid Lower Oil Prices

Core Insights - Equinor reported lower-than-expected earnings for Q3 2025, with adjusted operating income of $6.21 billion, below the consensus estimate of $6.31 billion and down from $6.89 billion in Q3 2024 [1][2] Production and Financial Performance - The company increased its oil and gas production by 7% year-on-year, reaching 2.130 million barrels of oil equivalent per day in Q3 2025, supported by strong production from the Johan Sverdrup field and new fields [2][3] - Equinor maintained its guidance for 4% hydrocarbon production growth for the year and approved a cash dividend of $0.37 per share for Q3 2025, consistent with its earlier plans [3] Strategic Adjustments - In February 2025, Equinor announced a significant reduction in investments in renewables and low carbon solutions to around $5 billion, citing the need to enhance shareholder returns amid an "uneven energy transition" [4] - The company aims to increase oil and gas production by over 10% by 2027 through the development of profitable projects and infrastructure-led exploration in the Norwegian Continental Shelf [5]