Equinor ASA reported a 30% drop in second-quarter net profit, with net income at $1.32 billion. The company will pay a cash dividend of $0.37 per share for the quarter and initiate a $1.265 billion share buy-back program. Adjusted net income was $1.67 billion, down from $2.42 billion last year, with total revenues dropping to $25.15 billion. Equinor delivered 2,096 mboe per day in equity production, with a 4% growth projection for oil & gas production in 2025. Scheduled maintenance may reduce production by 30 mboe per day for the full year.

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Read more at Nasdaq: Equinor Q2 Profit, Revenues Down; To Commence Third Tranche Of Up To $1.265 Bln Buyback