Equinor reports Q4 net income decrease, plans dividend and $5 billion share buyback

From Nasdaq: 2025-02-05 01:11:11

Equinor ASA reported a 23% decrease in fourth-quarter net income to $2 billion, with basic earnings per share down 17% to $0.73. Adjusted net income was $1.73 billion, while net operating income remained flat at $8.735 billion. Total revenues dropped 5% to $27.65 billion, with total equity production at 2,072 mboe per day. The board proposed an ordinary cash dividend of $0.37 per share for Q4 2024 and announced a share buy-back program of up to $5 billion for 2025. CEO Anders Opedal expects industry-leading returns and a 4% growth in oil & gas production for 2025.



Read more at Nasdaq: Equinor Q4 Results Down; Plans Dividend, Up To $5 Bln Share Buyback; Sees Production Growth Ahead