Equinor(US:EQNR) Globenewswire·2026-02-04 05:45Core Insights - Equinor reported strong financial results for Q4 2025, with an adjusted operating income of USD 6.20 billion and a net income of USD 1.31 billion, despite lower liquids prices impacting overall performance [1][10][11] Financial Performance - Adjusted net income for Q4 2025 was USD 2.04 billion, leading to adjusted earnings per share of USD 0.81 [1] - The net operating income decreased to USD 5.49 billion from USD 8.74 billion in the same quarter last year, influenced by net impairments of USD 626 million [11] - Cash flow from operations after taxes paid reached USD 3.31 billion for Q4, totaling USD 18.0 billion for the year [13] Production and Operations - Equinor achieved a total equity production of 2,198 mboe per day in Q4 2025, a 6% increase from 2,072 mboe per day in Q4 2024 [4] - Full-year production reached a record high of 2,137 mboe per day, marking a 3.4% increase year-over-year [4] - Production on the Norwegian continental shelf increased by 5% in Q4 2025 compared to Q4 2024, driven by new fields and wells [5] Strategic Initiatives - The company plans to reduce organic capital expenditures by USD 4 billion for 2026/27, aiming for a 10% reduction in operating costs [7][27] - Equinor expects around 3% production growth in 2026, with a focus on maintaining production levels from 2020 through 2035 [3][28] - A cash dividend of USD 0.39 per share for Q4 2025 is proposed, reflecting an increase from the previous quarter [21] Renewable Energy and Sustainability - Total power generation was 1.76 TWh in Q4 2025, with a 42% increase in renewable generation compared to Q4 2024 [9] - The company aims to maintain a carbon-efficient portfolio, with a CO2 upstream intensity of 6.3 kg/boe for operated assets in 2025 [28] - A new business area, Power, was established to integrate renewables with flexible power assets, effective from January 2026 [18]