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Equinor ASA reported FY 2025 revenues of $105.83B, up 3.2% from $102.50B in 2024, driven by higher natural gas sales volumes and prices despite lower liquids prices. Total revenues and other income reached $106.46B, reflecting strong E&P Norway performance at $34.39B. Net operating income was $25.35B, down from $30.93B in 2024 due to higher impairments ($2.48B net) and operating expenses. Income before tax stood at $25.09B, with income tax of $20.03B yielding net income of $5.06B attributable to shareholders ($5.04B), a 42.8% decline from $8.83B. Basic EPS was $2, versus $3.12 prior year. Record equity production of 2,137 mboe/d supported cash flows from operations at $19.97B. Balance sheet showed total assets $131.73B, equity $40.50B, and net debt ratio adjusted 17.8%. Forward-looking, 2026 organic capex targets $13B with ~3% oil/gas production growth, maintaining top-quartile unit costs amid energy transition focus.
EPS
$2
Revenue
$105.83B
Net Income
$5.06B
Operating Income
$25.35B