Equinor Earnings Slide on Lower Oil Prices -- Update

Dow Jones10-29

By Adam Whittaker

Equinor said third-quarter earnings slumped on weaker oil prices, missing market expectations.

The Norwegian energy major said Wednesday that adjusted operating income--its preferred measure--fell 10% to $6.215 billion against the $6.31 billion analysts had expected, according to a company-compiled consensus.

Net operating income was $5.27 billion, down nearly 25% from $6.905 billion in the same quarter last year, as it booked $754 million in net impairments primarily due to updated forward-looking price assumptions, it said. Adjusted net income tumbled nearly 60% to $932 million.

Equinor said that lower oil prices dragged on its earnings, although this was partially offset by a 7% rise in production and higher gas prices in the U.S.

The company proposed a quarterly dividend of $0.37 a share and began the fourth tranche, worth $1.27 billion, of its $5 billion buyback program.

The oil major maintained its full-year guidance, continuing to anticipate organic capital expenditure at around $13 billion, with oil and gas production expected to grow 4% from 2024's levels.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

October 29, 2025 02:59 ET (06:59 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Adjusted net income tumbled nearly 60% to $932 million. \n\n\n  Equinor said that lower oil prices dragged on its earnings, although this was partially offset by a 7% rise in production and higher gas prices in the U.S. \n\n\n  The company proposed a quarterly dividend of $0.37 a share and began the fourth tranche, worth $1.27 billion, of its $5 billion buyback program. \n\n\n  The oil major maintained its full-year guidance, continuing to anticipate organic capital expenditure at around $13 billion, with oil and gas production expected to grow 4% from 2024's levels. \n\n\n \n\n\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 29, 2025 02:59 ET (06:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.10","shortVersion":"4.35.10","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2579171925","isCrawlerRequest":true}