Equinor reported a adjusted operating income of 6.53 billion USD and a net income of 1.74 billion USD in Q2 2025. Solid financial results were driven by strong operations, increased gas production in the US, and stable costs. Strategic progress includes key milestones in various projects and securing project financing for wind projects in Poland.

CEO Anders Opedal highlighted production growth in line with guidance, strong operations at Johan Castberg, and the significant value created from the increased gas production in the US. Equinor continues to develop its renewable portfolio, with progress on wind projects in Poland and the US.

Equinor’s total production in Q2 was 2.096 million foe per day, up 2% from last year. Strong operations in Norway and increased production from US assets led to a 28% increase in oil and gas production in the US. International production decreased due to asset sales, but positive contributions were seen in Brazil, Argentina, and Angola.

Financially, Equinor reported an adjusted operating income of 6.53 billion USD and a net income of 1.74 billion USD in Q2 2025. Lower liquid prices were partially offset by higher gas prices and production. The reported operating income was impacted by impairments due to regulatory changes affecting future wind projects.

Equinor’s strategic progress includes advancing key projects in Norway, such as Johan Sverdrup phase 3, and optimizing its international portfolio. A long-term gas sales agreement with Centrica and project financing for wind projects in Poland were notable achievements. Capital distribution plans include dividends and share buybacks.

Equinor’s third tranche of share buyback program, totaling up to 1.265 billion USD, will start on July 24. The company aims for a total capital distribution of around 9 billion USD in 2025. Strong financial performance and operational progress position Equinor well for future growth and value creation.

Read more at GlobeNewswire: Equinors resultater for andre kvartal 2025