Norway's Equinor said on Friday its Johan Castberg oilfield in the Arctic Barents Sea was producing at peak capacity of 220,000 barrels of oil per day.
EQNR's Energy Perspectives 2025 outlines four diverging futures as rising emissions and weak cooperation derail climate goals.
The EQNR stock's 12.5% gain in the past six months, strong capital returns, and rising ROC underscore its premium edge and growth focus.
European gas storage remains below historical averages, signaling likely higher prices ahead and a bullish setup for Equinor as Europe's top natural gas supplier. Equinor's financials are resilient, with stable earnings despite lower oil prices, rising revenues, and a strategic shift from renewables to profitable gas power generation. Equinor trades at a low P/E ratio and offers a nearly 9% dividend, making it more attractive than European peers like Shell and BP, given its upside catalysts.
EQNR and Polenergia state that the two offshore wind farms off the Polish coast are expected to have a generation capacity of 720 megawatts each.
The Trump administration lifted a month-old stop-work order on a major offshore wind facility planned off the coast of New York, Norway's Equinor , the project's developer, said on Monday.
Equinor notes that the two wells, 32/7-1 and 32/4-4, could potentially serve as a carbon storage unit for its Smeaheia project.
Equinor's diversified portfolio, including strong core oil operations and growing renewables, supports its ability to drive long-term shareholder returns despite geopolitical instability. The company reported $8.6 billion in operating income and $2.6 billion in net income for 1Q 2025, maintaining a single-digit P/E ratio. Equinor's commitment to shareholder returns is evident with a $9 billion capital distribution for 2025, combining a 6.5% dividend yield and buybacks.
EQNR divests its Peregrino stake to Prio for $3.5 billion. Despite the exit, Equinor says that it remains committed to Brazil with strong growth targets in Bacalhau, Raia and Roncador.
Lower productions across major segments and weaker commodity prices hurt EQNR's earnings in Q1.
Equinor ASA (NYSE:EQNR ) Q1 2025 Earnings Conference Call April 30, 2025 5:30 AM ET Company Participants Bard Glad Pedersen - SVP, IR Jannicke Nilsson - EVP, Safety, Security & Sustainability Torgrim Reitan - EVP and CFO Anders Opedal - President and CEO Irene Rummelhoff - EVP, MMP Conference Call Participants Teodor Sveen Nilsen - SpareBank 1 Markets Biraj Borkhataria - RBC John Olaisen - ABG Peter Low - Redburn Yoann Charenton - Bernstein Matt Lofting - JPMorgan Chris Kuplent - Bank of America Merrill Lynch James Carmichael - Berenberg Martijn Rats - Morgan Stanley Jason Gabelman - TD Cowen Paul Redman - BNP Paribas Operator Good day, and welcome to the Equinor Analyst Call First Quarter Results. [Operator Instructions].
Equinor on Wednesday said it believes the decision of U.S. President Donald Trump's administration to halt the construction of a multi-billion dollar offshore wind power project is unlawful and that the group may take legal action.