- Adjusted operating income was $6.21 billion, with a net loss of $0.20 billion.
- Equinor's production increased by 7%, driven by fields like Johan Sverdrup and Johan Castberg.
- The Bacalhau field in Brazil began production in October, contributing to international earnings.
- Equinor announced a cash dividend of $0.37 per share and a share buy-back of up to $1.266 billion.
Financial Performance
Equinor reported an adjusted operating income of USD 6.21 billion and a net operating income of USD 5.27 billion for Q3 2025. The company faced a net loss of USD 0.20 billion, with adjusted net income at USD 0.93 billion. Cash flow from operations after taxes was USD 5.33 billion, and organic capital expenditure reached USD 3.41 billion.
Production and Operations
Equinor achieved a 7% increase in production, with strong contributions from the Johan Sverdrup and Johan Castberg fields. The total equity production was 2,130 mboe per day. The Bacalhau field in Brazil began production in October, enhancing international earnings. The renewable portfolio generated 1.37 TWh, a 34% increase from the previous year.
Strategic Developments
Equinor completed 18 offshore exploration wells on the Norwegian continental shelf, resulting in seven commercial discoveries. The company participated in Ørsted's rights issue, aiming for strategic collaboration in offshore wind. Northern Lights commenced CO₂ transport and storage operations, marking a significant milestone.
Capital Distribution
The board declared a cash dividend of USD 0.37 per share for Q3 2025 and initiated a fourth tranche of the share buy-back program, amounting to USD 1.266 billion. This completes the 2025 share buy-back program, totaling USD 5 billion, aligning with the overall capital distribution target of around USD 9 billion for the year.
