Equinor ASA (EQNR) reported fourth-quarter 2024 adjusted earnings per share (EPS) of 63 cents, which missed the Zacks Consensus Estimate of 73 cents. The bottom line declined from the year-ago quarter’s 64 cents.Total quarterly revenues of $27,654 million declined from $29,054 million in the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $28,164 million.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The weak quarterly results can be attributed to lower p ...

Investors were hardly energetic about Norwegian energy company Equinor (EQNR -5.37%) on Wednesday. They traded out of the stock to the point where it lost more than 5% of its value. The sell-off came on the heels of the company's latest earnings release. Other stocks fared better, as the S&P 500 index closed in positive territory with a nearly 0.4% rise.Top- and bottom-line slumpsEquinor, which reports in U.S. dollars, saw its fourth-quarter revenue dip by 5% year over year to $27.65 billion. Non-GAAP (adju ...

Financial Data and Key Metrics Changes - The company reported a return on capital employed of 21% for the year, with cash flow from operations reaching $18 billion after tax, exceeding initial expectations [21][88] - For 2025, the board announced a total capital distribution of $9 billion, which includes a $0.02 increase in the quarterly cash dividend and $5 billion for share buybacks [19][63] - The cash-neutral price after all investments is now at $50 per barrel, which is $5 lower than the previous year [61] Business Line Data and Key Metrics Changes - Strong production from the Norwegian continental shelf significantly contributed to the overall results, with international upstream business undergoing changes due to large transactions [22][81] - The company expects more than 10% growth in oil and gas production from 2024 to 2027, with an increase in expected production in 2030 to around 2.2 million barrels per day [36][81] - The renewables and low-carbon solutions segment has seen a reduction in CapEx by 50% compared to last year's outlook, with a focus on high-return projects [30][46] Market Data and Key Metrics Changes - Global oil demand is expected to exceed 100 million barrels per day throughout this decade, with gas demand anticipated to remain above current levels until 2050 [23][24] - The company is well-positioned to create value amidst geopolitical tensions and market uncertainties, leveraging a robust financial position and a flexible project portfolio [26][27] Company Strategy and Development Direction - The company aims to deliver industry-leading returns and has adapted its strategy to focus on optimizing its portfolio and reducing CapEx [17][20] - A commitment to reducing emissions while maintaining production levels is central to the company's strategy, with a target of a 50% reduction by 2030 [53][54] - The company has retired its gross CapEx ambition, emphasizing a balanced and financially sustainable approach to the energy transition [54] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of adaptability in the face of uneven energy transition and market volatility, stating that the company is set to create value from these conditions [28][29] - The company expects to generate $23 billion in free cash flow from 2024 to 2027, with a focus on maintaining a competitive capital distribution [29][75] - Management expressed confidence in the long-term viability of projects like Rosebank and Empire Wind, despite political risks [112][113] Other Important Information - The company achieved its best safety results ever, with a serious incident frequency reduced to 0.3%, a 73% decrease since 2011 [9][10] - The company has a robust balance sheet with over $23 billion in cash and a net debt ratio of 11.9% [91] Q&A Session Questions and Answers Question: Changes in renewable strategy and decision-making process - Management acknowledged that the strategy for renewables and low carbon has evolved due to market conditions and project evaluations, leading to a more cautious approach in bidding and project execution [100][102] Question: Production growth targets and balance sheet trajectory - The company expects production growth to come primarily from organic developments, with a focus on maintaining a strong balance sheet and gearing within the 15% to 30% range [117][103] Question: Performance of the Johan Sverdrup field and future production - Management indicated that the recent performance of wells and ongoing recovery efforts have allowed for an extension of the production plateau at the Sverdrup field [106][109] Question: Political risks associated with major projects - Management addressed the political landscape's impact on projects like Rosebank and Empire Wind, emphasizing the importance of regulatory stability for investment decisions [112][114]

Equinor (OSE: EQNR, NYSE: EQNR) will on 6 February 2025 commence the first tranche of up to USD 1.2 billion of the share buy-back programme for 2025, as announced at the Capital Market Update 5 February 2025. In this first tranche, shares for up to USD 396 million will be purchased in the market, implying a total first tranche of up to USD 1.2 billion including shares to be redeemed from the Norwegian State. The tranche will end no later than 2 April 2025. Equinor announces a share buy-back programme of up ...

Key information relating to the proposed cash dividend to be paid by Equinor (OSE: EQNR, NYSE: EQNR) for fourth quarter 2024. Cash dividend amount: 0.37 Announced currency: USD Last day including rights: 14 May 2025 Ex-date Oslo Børs: 15 May 2025 Ex-date New York Stock Exchange: 16 May 2025 Record date: 16 May 2025 Payment date: 28 May 2025 Date of approval: the proposed cash dividend is subject to approval by the annual general meeting of Equinor ASA on 14 May 2025. Other information: The cash dividend per ...

Equinor (OSE:EQNR, NYSE:EQNR) delivered adjusted operating income* of USD 7.90 billion and USD 2.29 billion after tax in the fourth quarter of 2024. Net operating income was USD 8.74 billion and net income was USD 2.00 billion, leading to adjusted earnings per share* of USD 0.63. The fourth quarter and full year results were characterised by: Solid financial performance and 21% return on average capital employed* in 2024Strong operational performance with stable oil and gas productionContinued industrial pr ...

Equinor ASA (EQNR) , a Norwegian integrated energy firm, has reached an agreement with Odfjell Drilling, an offshore drilling contractor. The agreement specifies that Equinor has extended its contract for Odfjell’s Deepsea Atlantic semi-submersible rig till the second quarter of 2027.Odfjell Drilling has mentioned that Deepsea Atlantic will continue its drilling operations per the terms of the previous contract signed with Equinor, halfway into the third quarter of 2026. After this period, the semi-submersi ...

Equinor ASA (EQNR) , a Norwegian integrated energy firm, has taken a major step toward the development of its Bay du Nord oil project in Canada. The company has awarded pre-FEED (pre-Front End Engineering and Design) study contracts to two firms — BW Offshore and Altera Infrastructure — for a floating production storage and offloading (FPSO) vessel that will be deployed for the Bay du Nord oil project. The Bay du Nord discovery made by Equinor is anticipated to hold around 300 million barrels of high-qualit ...

Equinor (EQNR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual invest ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 15th:  Equinor (EQNR) : This company which, is one of the premier integrated energy companies in the world, with operations spreading across 30 countries, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days.Equinor has a price-to-earnings ratio (P/E) of 7.63 compared with 9.00 for the industry. The co ...