Biraj Borkhataria

Martijn Rats

Peter Low

Henri Patricot

Kim Fustier

Michele Della Vigna

Paul Redman

Matthew Lofting

Teodor Sveen-Nilsen

Irene Himona

Jason Gabelman

John Olaisen

Alejandro Vigil

James Carmichael

Yoann Charenton

Christopher Kuplent

Kris Copeland

Lydia Rainforth

Matt Lofting

Naisheng Cui

Nash Kiwi

Steffen Evjen

Alastair Syme

Anders Rosenlund

Giacomo Romeo

Teodor Nilsen

- Equinor reported an **adjusted operating income of USD 6.21 billion** and a **net loss of USD 0.20 billion** for the third quarter of 2025, with **adjusted earnings per share of USD 0.37**.  **[1140625_0001140625-25-000117_a01equinorquarterlyreport-.htm:0]** 
- The company's equity oil and gas production increased by **7%** to **2,130 MBOE/D** in Q3 2025 compared to the same quarter last year.  **[1140625_0001140625-25-000117_a01equinorquarterlyreport-.htm:0]** **[1140625_0001140625-25-000117_a01equinorquarterlyreport-.htm:1]** **[1140625_0001140625-25-000117_a01equinorquarterlyreport-.htm:2]** 
- Equinor announced a **cash dividend of USD 0.37 per share** for Q3 2025 and is executing a **share buy-back programme for 2025 of USD 5 billion**, with total capital distribution for 2025 expected to be around **USD 9 billion**.  **[1140625_0001140625-25-000117_a01equinorquarterlyreport-.htm:0]** 
- The reported results were impacted by **net impairments of USD 754 million**, primarily due to a lower price outlook.  **[1140625_0001140625-25-000117_a01equinorquarterlyreport-.htm:0]** **[1140625_0001140625-25-000117_a01equinorquarterlyreport-.htm:2]** 
- The net debt to capital employed adjusted ratio stood at **12.2%** at the end of the third quarter of 2025.  **[1140625_0001140625-25-000117_a01equinorquarterlyreport-.htm:1]**

Equinor Reports Q3 2025 Results

- Equinor reported a **net operating income of $5.27 billion** and a **net loss of $0.20 billion** for the third quarter of 2025, with basic earnings per share at **($0.08)**.  **[1140625_0001140625-25-000114_eqnr-20250930.htm:0]** **[1140625_0001140625-25-000114_eqnr-20250930.htm:1]** 
- Total equity oil and gas production increased by **7%** year-over-year to **2,130 mboe per day** in Q3 2025.  **[1140625_0001140625-25-000114_eqnr-20250930.htm:1]** **[1140625_0001140625-25-000114_eqnr-20250930.htm:4]** 
- The company declared a **cash dividend of $0.37 per share** for Q3 2025 and initiated the fourth tranche of its 2025 share buy-back program, valued at up to **$1.266 billion**, which completes the **$5 billion** program for the year.  **[1140625_0001140625-25-000114_eqnr-20250930.htm:0]** **[1140625_0001140625-25-000114_eqnr-20250930.htm:3]** **[1140625_0001140625-25-000114_eqnr-20250930.htm:6]** 
- Results were impacted by **net impairments**, including **$650 million** related to UK assets and **$385 million** related to US offshore assets.  **[1140625_0001140625-25-000114_eqnr-20250930.htm:0]** **[1140625_0001140625-25-000114_eqnr-20250930.htm:11]** **[1140625_0001140625-25-000114_eqnr-20250930.htm:12]** **[1140625_0001140625-25-000114_eqnr-20250930.htm:27]**

Equinor Reports Q3 2025 Financial Results and Capital Distribution Plans

- Equinor ASA will commence the **fourth and final tranche** of its 2025 share buy-back programme on **October 30, 2025**.  **[1140625_0001171843-25-006742_exh_991.htm:0]** 
- This tranche is for **up to USD 1,266 million**, including shares redeemed from the Norwegian State, with **up to USD 417.8 million** to be purchased in the market.  **[1140625_0001171843-25-006742_exh_991.htm:0]** 
- The tranche is expected to conclude by **February 2, 2026**, and the shares purchased will be cancelled at the annual general meeting in **May 2026** to reduce issued share capital.  **[1140625_0001171843-25-006742_exh_991.htm:0]** 
- The total 2025 share buy-back programme, announced in February 2025, is for **up to USD 5 billion**.  **[1140625_0001171843-25-006742_exh_991.htm:0]**

Equinor Commences Fourth Tranche of 2025 Share Buy-back Programme

- Equinor reported an adjusted operating income of **$6.2 billion** before tax and a net income of **-$0.2 billion** for Q3 2025, impacted by net impairments.  **[0001140625_2210823_1]**  Adjusted earnings per share (EPS) was **$0.37**, and year-to-date cash flow from operations after tax reached **$14.7 billion**.  **[0001140625_2210823_1]** 
- The company achieved a **7%** increase in production compared to Q3 last year, remaining on track to meet its **4%** production growth target for the full year.  **[0001140625_2210823_1]** **[0001140625_2210823_2]** 
- Equinor approved an ordinary cash dividend of **$0.37 per share** and a share buyback program of up to **$1.266 billion** for the final tranche of 2025, bringing the total capital distribution for the year to approximately **$9 billion**.  **[0001140625_2210823_1]** 
- Net impairments of **$754 million** were recorded, mainly driven by lower long-term oil price assumptions.  **[0001140625_2210823_2]**  The company participated in Ørsted's rights issue with a **$900 million** cash flow impact in Q4 and intends to seek a board seat.  **[0001140625_2210823_1]** 
- The disposal of Peregrino is underway, with a headline transaction value of **$3.5 billion** and expected consideration of just under **$3 billion**, with parts closing in Q4 2025 and Q1 2026.  **[0001140625_2210823_9]**  The average adjusted operating income guidance for Marketing, Midstream & Processing (MMP) was updated to approximately **$400 million per quarter**.  **[0001140625_2210823_2]**

EQNR Reports Q3 2025 Financial Results and Operational Updates

- Equinor reported a **Q3 2025 adjusted operating income of $6.2 billion** before tax and a **net income of -$0.2 billion**, impacted by net impairments mainly due to a lower long-term oil price outlook.  **[0001140625_2211088_1]**  Adjusted earnings per share was **$0.37**.  **[0001140625_2211088_1]** 
- Production increased by **7%** from Q3 last year to **2,130,000 barrels per day**, keeping the company on track to deliver **4% production growth** for the year.  **[0001140625_2211088_1]** **[0001140625_2211088_2]** 
- The company announced a **Q3 2025 ordinary cash dividend of $0.37 per share** and a fourth and final tranche of the share buyback program for 2025 of up to **$1.266 billion**, bringing total capital distribution for the year to approximately **$9 billion**.  **[0001140625_2211088_1]** 
- Equinor updated its Marketing, Midstream & Processing (MMP) guidance to an average adjusted operating income of around **$400 million per quarter**  **[0001140625_2211088_2]** **[0001140625_2211088_6]**  and expects its net debt to capital employed ratio to be in the **lower end of the 15%-30% guided range** by year-end.  **[0001140625_2211088_3]** **[0001140625_2211088_13]** 
- The **Bacalhau project came on stream in October**, with a production capacity of **220,000 barrels per day**, and ramp-up is expected to continue through 2026.  **[0001140625_2211088_1]**  Equinor also participated in Ørsted's rights issue, with a **$900 million** cash flow impact in Q4, and will seek a more active role on the board.  **[0001140625_2211088_1]**

Equinor Reports Q3 2025 Results with Increased Production and Updated Guidance

- Equinor reported **Q3 2025 adjusted operating income of $6.2 billion** before tax and a **net income of -$0.2 billion**, with adjusted earnings per share at **$0.37**.  **[0001140625_2211005_1]** 
- Production for Q3 2025 was **2,130,000 barrels per day**, an increase of **7%** from the prior year, aligning with the company's **4%** production growth target for the year.  **[0001140625_2211005_2]** 
- The company announced an ordinary cash dividend of **$0.37 per share** and a share buyback program of up to **$1.266 billion** for Q3 2025, contributing to a total capital distribution of approximately **$9 billion** for the year.  **[0001140625_2211005_1]** 
- Net impairments totaled **$754 million**, primarily driven by a lower long-term oil price outlook.  **[0001140625_2211005_1]** **[0001140625_2211005_2]** 
- Equinor updated its Marketing, Midstream & Processing (MMP) guidance to approximately **$400 million per quarter**, a reduction from the previous range, attributed to changed market conditions and the divestment of gas infrastructure assets.  **[0001140625_2211005_2]** **[0001140625_2211005_6]** **[0001140625_2211005_12]**

Equinor Reports Q3 2025 Results with Production Growth and Updated Guidance

- Equinor ASA has announced a **cash dividend** of **$0.37** per share for the **third quarter 2025**.  **[1140625_0001171843-25-006741_exh_991.htm:0]** 
- The dividend was approved on **October 28, 2025**.  **[1140625_0001171843-25-006741_exh_991.htm:0]** 
- Key dates for the dividend include the last day including rights on **February 13, 2026**, the ex-date on the New York Stock Exchange on **February 17, 2026**, the record date on **February 17, 2026**, and the payment date on **February 27, 2026**.  **[1140625_0001171843-25-006741_exh_991.htm:0]**

Equinor ASA announces Q3 2025 cash dividend details

- Equinor ASA has **completed** the **third tranche of its 2025 share buy-back programme**.  **[1140625_0001171843-25-006685_f6k_102825.htm:0]** 
- From **October 20 to October 24, 2025**, the company purchased an additional **1,110,666 own shares** at an average price of **NOK 238.0232 per share**.  **[1140625_0001171843-25-006685_f6k_102825.htm:0]** 
- The total accumulated buy-backs under this tranche reached **16,945,122 shares** at an average price of **NOK 248.1862**.  **[1140625_0001171843-25-006685_f6k_102825.htm:0]** 
- Following these transactions, Equinor ASA now owns a total of **43,642,612 own shares**, representing **1.71% of its share capital**.  **[1140625_0001171843-25-006685_f6k_102825.htm:0]**

Equinor ASA Completes Third Tranche of 2025 Share Buy-Back Program

- Equinor ASA's share buy-back program, announced on **February 5, 2025**, aims to acquire up to **19,080,000 shares** with a total purchase amount of **NOK 1,992,000,000** by **January 15, 2026**.  **[1140625_0001171843-25-006504_f6k_101725.htm:0]** 
- On **October 15, 2025**, the company purchased **738,999** shares at an average price of **NOK 235.4536** per share, totaling **NOK 173,999,975**.  **[1140625_0001171843-25-006504_f6k_101725.htm:0]** 
- The **total accumulated buy-backs** under the program have reached **5,867,465 shares** with a total transaction value of **NOK 1,469,999,065**.  **[1140625_0001171843-25-006504_f6k_101725.htm:0]** 
- Following these transactions, Equinor ASA owns **42,247,246** own shares, representing **1.65%** of its share capital.  **[1140625_0001171843-25-006504_f6k_101725.htm:0]**

Equinor ASA Updates on Share Buy-back Program

- Equinor plans to maintain Norwegian Continental Shelf (NCS) production at **1,200,000 barrels a day** until **2035**, supported by annual investments of **US$6 billion to US$7 billion** over the next decade.  **[0001140625_2187963_3]** **[0001140625_2187963_15]** 
- The company recently started up two major projects: **Bacalhau** (announced today) and **Johan Castberg** (earlier this year).  **[0001140625_2187963_3]** **[0001140625_2187963_6]** 
- Equinor is evolving into a broader energy company, targeting a **50% reduction in emissions by 2030** compared to 2015, and is progressing with low-carbon solutions like the sanctioned **Northern Lights Phase 2**.  **[0001140625_2187963_3]** **[0001140625_2187963_6]** 
- The future project pipeline includes **75 subsea tieback projects** over the next ten years, alongside ongoing work on Wisting and Bay Du Nord, with a strong focus on cost reduction and supplier collaboration due to a **90% increase in subsea and marine installation costs since 2019**.  **[0001140625_2187963_7]** **[0001140625_2187963_8]** **[0001140625_2187963_13]**

EQUINOR (EQNR)