Equinor Brasil Energia Ltda., a subsidiary of Equinor (OSE: EQNR, NYSE: EQNR), has entered into agreements(1) with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil. PRIO, Brazil’s largest independent oil and gas company, will pay a consideration of USD 3.35 billion and a maximum of USD 150 million in interest to Equinor for the transaction. The final cash payment will reflect the closing date and any deductions g ...

Equinor ASA (EQNR) reported first-quarter 2025 adjusted earnings per share (EPS) of 66 cents, which missed the Zacks Consensus Estimate of 83 cents. The bottom line declined 32% from the year-ago quarter’s 96 cents.Total quarterly revenues of $29.92 billion increased from $25.14 billion in the prior-year quarter. The top line also surpassed the Zacks Consensus Estimate of $28.21 billion. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Weak quarterly earnings can be attributed to low ...

Core Viewpoint - Equinor is set to commence the second tranche of its share buy-back program for 2025, amounting to up to USD 1,265 million, following the annual general meeting on May 14, 2025 [1][2][3] Group 1: Share Buy-Back Program Details - The second tranche will involve purchasing shares worth up to USD 417.5 million in the market, contributing to the total of USD 1,265 million, which includes shares to be redeemed from the Norwegian State [2][3] - The share buy-back program for 2025 is part of a larger initiative announced in February 2025, with a total budget of up to USD 5 billion for the two-year period of 2024-2025 [3][5] - The execution of the second tranche is contingent upon board authorization and an agreement with the Norwegian State regarding the share buy-back [1][4][7] Group 2: Execution and Regulations - The maximum number of shares that can be purchased in the second tranche is 84 million, with a minimum price of NOK 50 and a maximum price of NOK 1,000 per share [6] - Shares will be purchased on the Oslo Stock Exchange and potentially other trading venues within the EEA, adhering to applicable regulations [8] - The board will propose to cancel the shares purchased in this tranche at the annual general meeting in May 2026, along with a proportionate number of shares from the Norwegian State [9]

Group 1 - The cash dividend amount for Equinor is set at 0.37 USD per share [3] - The last day to include rights for the dividend is 15 August 2025 [3] - The ex-date for Oslo Børs is 18 August 2025, and for the New York Stock Exchange, it is 19 August 2025 [3] - The record date for the dividend is 19 August 2025 [3] - The payment date for the dividend is scheduled for 29 August 2025 [3] - The date of approval for the dividend is 29 April 2025 [3] Group 2 - The cash dividend per share in NOK will be communicated on 25 August 2025 [2] - This information is published in accordance with the Continuing Obligations and the Norwegian Securities Trading Act [2]

Core Insights - Equinor reported strong financial results for Q1 2025, with adjusted operating income of USD 8.65 billion and net income of USD 2.63 billion, driven by solid gas production and higher gas prices [1][8][10] Financial Performance - Adjusted net income was USD 1.79 billion, leading to adjusted earnings per share of USD 0.66 [1][8] - Cash flow from operating activities before taxes was USD 10.6 billion, with cash flow after taxes at USD 7.39 billion [10] - The company maintained a net debt to capital employed adjusted ratio of 6.9%, a decrease from 11.9% at the end of Q4 2024 [11] Production and Operations - Total equity production was 2,123 mboe per day, a slight decrease from 2,164 mboe in the same quarter last year [3] - Production in the US increased due to higher output from fields and increased ownership in onshore gas assets [4] - The operational performance on the Norwegian continental shelf remained strong, particularly in the Johan Sverdrup and Troll fields [3] Strategic Developments - The Johan Castberg field commenced production, enhancing Norway's role as a reliable energy exporter to Europe [2][14] - Equinor completed five offshore exploration wells with two commercial discoveries [5] - A final investment decision was made for phase two of the Northern Lights carbon transport and storage project, with an investment of NOK 7.5 billion [16] Capital Distribution - The company announced a cash dividend of USD 0.37 per share for Q1 2025 and expects total capital distribution of USD 9 billion for the year [7][19] - A second tranche of the share buy-back program of up to USD 1.265 billion is planned, subject to approval at the annual general meeting [19][20] Legal and Regulatory Issues - Equinor is addressing a halt work order from the US government regarding the Empire Wind project, which is approximately 30% complete [12][13]

In accordance with a halt work order issued by the US government, Empire Offshore Wind LLC (Empire) will safely halt the offshore construction in waters of the outer continental shelf for the Empire Wind project. On 16 April, Empire received notice from the Bureau of Ocean Energy Management (BOEM), ordering Empire to halt all activities on the outer continental shelf until BOEM has completed its review. Empire is engaging with relevant authorities to clarify this matter and is considering its legal remedies ...

The board of directors of Equinor ASA ((OSE: EQNR, NYSE:EQNR) has today decided to propose to the general meeting of the company that the company's share capital is reduced through cancellation of own shares and redemption of shares belonging to the Norwegian State. The proposal is made as a result of the company having acquired own shares pursuant to the authorization for share buy-back granted by the annual general meeting of the company in May 2024. The proposal entails that the company's share capital s ...

The board of directors of Equinor ASA (OSE: EQNR, NYSE: EQNR) has today decided to propose to the general meeting of the company that the company’s share capital is reduced through cancellation of own shares and redemption of shares belonging to the Norwegian State. The proposal is made as a result of the company having acquired own shares pursuant to the authorization for share buy-back granted by the annual general meeting of the company in May 2024. The proposal entails that the company's share capital s ...

Equinor (NYSE: EQNR ) is Norway's energy giant that has both a strong presence in fossil fuel and renewables. It currently has a wide portfolio of Norwegian Continental Shelf assets plus other projects such as offshore wind, hydrogen, and CCs. The companyAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as ...

Equinor (EQNR) , the Norwegian energy giant, has reinforced its economic footprint across Norway in 2024, with a new report revealing substantial ripple effects from its exploration, development and operational activities. The state-backed energy giant procured goods and services worth NOK 142.6 billion—up from NOK 134 billion in 2023 — with 93% of that spending directed toward Norwegian suppliers spread across 260 municipalities.This surge in procurement supported more than 85,000 full-time equivalent jobs ...