Equinor Posts Earning Slide, Targets Cost Cuts in 2026
Core Viewpoint - Equinor's fourth-quarter earnings have decreased due to lower oil and gas prices, prompting the company to target a 10% reduction in operating costs and to cut back on capital expenditure [1] Financial Performance - The company reported a decline in fourth-quarter earnings as a result of weaker oil and gas prices [1] Cost Management - Equinor is aiming for a 10% reduction in operating costs for the current year [1] Capital Expenditure - The company plans to reduce its capital expenditure in response to the challenging market conditions [1]