Equinor’s adjusted operating income for Q4 2025 was $6.2bn, a decrease from $7.9bn in Q4 2024. Net operating income fell to $5.49bn, with net income at $1.31bn. Adjusted earnings per share increased to $0.81. Production on the NCS rose by 5%, while E&P International segment production declined. Power generation from renewables increased to 1.76TWh in the quarter.

Operating cash flows before taxes paid and working capital adjustments were $9.55bn in Q4. Organic capital expenditure for the quarter was $3.29bn, with a yearly total of $13.1bn. Equinor forecasts organic capex of around $13bn for 2026 and targets a 3% growth in oil and gas production. The company reported strong operations and record-high production in 2025.

Read more at Yahoo Finance: Equinor reports operating income of $6.2bn in Q4 2025