From GlobeNewswire: 2025-02-05 00:45:00

Equinor reported fourth-quarter adjusted operating income of USD 7.90 billion, with net income at USD 2.00 billion. The company announced a proposed cash dividend of USD 0.37 per share and a buy-back of up to USD 5 billion for 2025, expecting total capital distribution of up to USD 9 billion for the year. Equinor aims for stronger cash flow and growth, targeting above 15% return on capital employed by 2030.

Equinor showcased strong operational performance in the fourth quarter, with stable production levels. The company’s equity production was 2,072 mboe per day, reflecting a slight decline from the previous year. Despite some challenges on the Norwegian continental shelf, Equinor maintained high production levels, especially at the Troll and Johan Sverdrup fields.

The company’s strategic progress included increasing ownership in key projects, such as the Halten East Unit in The Norwegian Sea, and forming partnerships to strengthen its international portfolio. Equinor also reached milestones in carbon capture and storage projects and increased its stake in renewable energy assets. The company recorded a 151% reserve replacement ratio in 2024.

Equinor is focused on delivering competitive capital distribution, with plans for a USD 0.37 per share dividend for the fourth quarter of 2024. The company completed a USD 6 billion share buy-back program for 2024 and announced a USD 5 billion buy-back for 2025. Equinor emphasizes firm strategic direction, stronger free cash flow, and growth, targeting high-value production growth and reducing carbon emissions.



Read more at GlobeNewswire:: Equinor fourth quarter and full year 2024 results