Equinor reports earnings decline but record output and adjusts capital strategy
Equinor reported a decline in quarterly earnings due to lower prices but reached record production in 2025 while announcing a shift in capital distribution.
Insights:
Equinor ASA announced on Wednesday that its adjusted earnings before tax for the fourth quarter fell to $6.20 billion from $7.9 billion in the same period a year earlier. This decline in the October–December results was attributed to lower oil and gas prices. The quarterly result nonetheless beat the $5.93 billion predicted in an Analyst poll (25 analysts compiled by Equinor) for the energy producer based in Norway 
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