Q4 and FY2025 Anders Opedal Torgrim Reitan Chief executive officer Chief financial officer 4 February 2026 Troll Forward-looking statements As used in this presentation, the term "Equinor" and such terms as "the company," "the corporation," "our," "we," "us" and "its" may refer to Equinor ASA, one or more of its consolidated subsidiaries, or to all of them taken as a whole. These terms are used for convenience only and are not intended as a precise description of any of the separate companies. This presenta ...

Equinor expects oil output from its Johan Sverdrup oil field to decline by somewhere between 10% and 20% this year https://t.co/vXhgfd1E0J ...

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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]

Norwegian energy giant Equinor says fourth-quarter profit fell 32% from a year earlier as oil dropped https://t.co/5dK5IvbK5v ...

Core Insights - Equinor reported a decline in fourth-quarter profits compared to the same period last year due to falling oil and gas prices, but still exceeded analysts' expectations for the quarter [1] Financial Performance - The company experienced a decrease in profits in the fourth quarter, attributed to lower oil and gas prices [1] - Despite the profit decline, Equinor outperformed analysts' expectations for the period [1]

Core Viewpoint - Equinor has announced a share buy-back programme for 2026, with a total value of up to USD 1.5 billion, aimed at reducing issued share capital and maintaining shareholder value [2][4]. Group 1: Share Buy-Back Programme Details - The first tranche of the share buy-back programme will commence on 5 February 2026, with a value of up to USD 375 million, including USD 123.75 million to be purchased in the market [1][2]. - The maximum number of shares that can be purchased in the market under the authorisation is 84 million, with 33,097,247 shares remaining available at the start of the first tranche [5]. - The minimum price per share is set at NOK 50, while the maximum price is NOK 1,000, with the authorisation valid until the annual general meeting in May 2026 [5]. Group 2: Regulatory and Procedural Aspects - The share buy-back programme will be executed in tranches, with subsequent tranches to be decided quarterly by the board of directors, subject to market conditions and board authorisation [3][4]. - An agreement with the Norwegian State will ensure that the State maintains its ownership share at 67% by redeeming a proportionate number of shares purchased in the market [6][8]. - Transactions will be conducted in compliance with applicable regulations, including the Norwegian Securities Trading Act and EU Commission regulations [7].

Core Viewpoint - Equinor has proposed a cash dividend of 0.39 USD per share for the fourth quarter of 2025, pending approval at the annual general meeting on 12 May 2026 [1]. Group 1: Dividend Details - Cash dividend amount is set at 0.39 USD per share [1]. - The last day to include rights for the dividend is 12 May 2026 [1]. - The ex-date for Oslo Børs is 13 May 2026, and for the New York Stock Exchange, it is 15 May 2026 [1]. - The record date for the dividend is 15 May 2026 [1]. - The payment date for the dividend is scheduled for 27 May 2026 [1]. - The proposed cash dividend is subject to approval by the annual general meeting of Equinor ASA on 12 May 2026 [1]. Group 2: Additional Information - The cash dividend per share in NOK will be communicated on 21 May 2026 [2]. - This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act [2].

Core 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]

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