Jul. 23 at 10:56 AM
📢
$EQNR Q2 Earnings Recap
💰 Revenue:
$25.15B vs.
$23.05B est. — beat by
$2.1B ✅
🧾 EPS:
$0.64 (no estimate provided)
📉 Revenue down 1.6% YoY, but beat helped by solid oil & gas output
⛽ Production & Operations
• Total oil & gas production: 2,096 MBOE/day, up 2% YoY 🚀
• Renewable energy production: 0.83 TWh
• Adjusted operating income:
$6.53B
🏗️ Capex & Cash
• Organic capex:
$3.40B (Q2), full-year guidance:
$13.00B
• Cash flow from ops:
$1.94B
• FY2025 oil & gas output expected to grow 4% YoY 📈
💵 Shareholder Returns
• Quarterly dividend:
$0.37/share 💸
• Launching
$1.265B share buyback tranche, starting July 24
• Total expected capital return for 2025:
$9.00B
⚠️ Outlook Notes
• Scheduled maintenance to reduce FY25 production by ~30 MBOE/day
• Cost discipline remains a priority; company aims to stay in top peer cost tier
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